Analysts see 48% upside for Pagaya Technologies after a new Buy rating and expanded AI credit partnership with Upgrade.
Texas Capital initiated coverage on Pagaya Technologies (NASDAQ:PGY) with a Buy rating and a $27 price target, implying 48% upside potential. The firm highlighted growth prospects in AI-driven credit decisioning and infrastructure software.
Pagaya recently expanded its collaboration with Upgrade, integrating its AI underwriting into Upgrade’s Buy Now, Pay Later solution, Flex Pay. The partnership now extends beyond personal loans to new asset classes, including travel merchant payments.
The integration allows Upgrade to offer real-time underwriting and expand Flex Pay to more clients. Initial focus will target the travel sector, where Flex Pay is already a trusted payment option for major brands.