Analysts Cut Pagaya Price Targets to $33 and $22, Maintain Buy Ratings
Benchmark lowered Pagaya’s price target from $48 to $33 on Feb. 10 but kept its Buy rating with 168% upside, citing a 'violent' selloff disconnected from fundamentals. Citizens JMP cut its target from $35 to $22 with 79% upside and noted management expects measured 2026 growth despite tighter credit.
1. Benchmark Reduces Price Target to $33
On February 10, Benchmark lowered Pagaya’s price target from $48 to $33 while maintaining a Buy rating and cited a ‘violent and largely disconnected’ selloff as driving the revision.
2. Citizens JMP Lowers Forecast to $22
Citizens JMP cut its Pagaya price target from $35 to $22, retaining an Outperform rating and projecting 79% upside based on management’s measured growth forecast for 2026 under tighter credit conditions.
3. Management Affirms Operational Stability
Pagaya’s management acknowledged softer-than-expected first-quarter guidance but confirmed there were no operational slippages or credit stress in its AI-enabled credit platform operations.