Shares of Pagaya Technologies Ltd. (PGY) surged 5.11% in pre-market trading on Monday, following a significant target price upgrade from Citigroup. The financial services giant raised its price target for Pagaya from $16.5 to $40, signaling strong confidence in the company's future prospects.
The substantial increase in the target price, more than doubling the previous estimate, has sparked renewed investor interest in Pagaya Technologies. This upgrade suggests that Citigroup analysts see considerable upside potential in the stock, which could be driving the pre-market rally.
Investors are likely interpreting this target price hike as a positive indicator of Pagaya's growth trajectory and market position. As the markets prepare to open, all eyes will be on Pagaya Technologies to see if this pre-market momentum carries into regular trading hours and whether the stock can sustain its gains in response to this bullish analyst sentiment.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。