Pagaya Technologies Ltd. (PGY) is seeing a significant increase in investor interest, reflected in a 48.6% rise in its stock price over the past four weeks. Analysts have raised their earnings estimates, with the current consensus expecting the company to earn $0.62 per share for the current quarter, marking a 520% year-over-year increase. For the full year, the earnings estimate is $2.45 per share, a 195.18% rise year-over-year.
The Zacks Consensus Estimate for Pagaya has increased by 77.78% over the last 30 days, with two analysts raising their forecasts and no negative revisions. This positive trend has led to Pagaya earning a Zacks Rank #1 (Strong Buy), based on a well-documented correlation between estimate revisions and stock price movements.
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