JMP Securities Raises Pagaya Techs (PGY) Price Target to $35.00

JMP Securities has maintained its "Market Outperform" rating for Pagaya Techs (PGY) and raised the price target from $26.00 to $35.00. Analysts have also raised their price targets for the company, with a consensus target of $39.90 and an average brokerage recommendation of 1.7, indicating "Outperform" status. The estimated GF Value for Pagaya Technologies Ltd in one year is $16.15, suggesting a downside of 43.67% from the current price.

JMP Securities has maintained its "Market Outperform" rating for Pagaya Technologies (PGY) and increased the price target from $26.00 to $35.00. The move comes on the heels of the company's strong second-quarter 2025 results, which exceeded analyst expectations. The revised price target reflects JMP's decision to raise its target GAAP EPS multiple to 15x from 12.5x, applied to updated 2027 estimates and discounted back one year [1].

Pagaya Technologies reported an earnings per share (EPS) of $0.64 for the second quarter, significantly surpassing the projected $0.13. Revenue also exceeded forecasts, reaching $326 million compared to the anticipated $311.96 million. The company's second-quarter 2025 results aligned with its July 17 preannouncement and demonstrated strong momentum, with revenue growing 24.59% over the last twelve months to $1.15 billion [2].

The fintech company has shown significant growth beyond its core personal loan business, with auto and point-of-sale volume now representing approximately 30% of network volume for the quarter. JMP cited Pagaya reaching an "inflection point" where almost all incremental gross profit should convert to pretax profit going forward, demonstrating emerging operating leverage [1].

Keefe, Bruyette & Woods also raised its price target for Pagaya Tech to $38 from $27, maintaining an Outperform rating. This adjustment followed what the firm described as a "record-setting quarter" for Pagaya, with a 14% year-over-year volume growth that exceeded Street expectations by 4% [1].

The current average analyst rating on the shares is "buy," with a breakdown of recommendations as 9 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The median 12-month price target for Pagaya Technologies Ltd is $30.50, about 2.8% below its last closing price of $31.36 [3].

The estimated GF Value for Pagaya Technologies Ltd in one year is $16.15, suggesting a downside of 43.67% from the current price. Investors should closely monitor the company's earnings outlook and management's commentary on the earnings call to gauge the sustainability of the stock's immediate price movement [4].

References:
[1] https://www.investing.com/news/analyst-ratings/pagaya-stock-price-target-raised-to-35-from-26-at-jmp-on-growth-93CH-4182001
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TZ2QS:0-pagaya-technologies-ltd-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[3] https://www.nasdaq.com/articles/pagaya-technologies-ltd-pgy-lags-q2-earnings-estimates
[4] https://www.theglobeandmail.com/investing/markets/stocks/PGY/pressreleases/34016698/pagaya-technologies-earnings-call-highlights-record-growth/