The Texas Capital Bullish on Pagaya Technologies: A Reality Check Texas Capital's initiation of coverage for Pagaya Technologies, a company that offers AI enabled consumer credit underwriting and capital markets solutions, has investors buzzing.
With a Buy rating and $27 price target, it's no wonder investors are scrambling to learn more about this relatively unknown stock. However, we must separate the hype from reality.
While AI is revolutionizing the financial industry, Pagaya's services based business model may not be as innovative as touted.