Pagaya Is Cleaner and More Profitable — Valuation Reset Narrows the Upside
Pagaya's AI underwriting engine is driving higher ABS placement and cash generation, yet the market is re-rating the name after a volatile run. I like a tactical long here: the business is improving, but the multiple should stay constrained until more durable top-line growth and ABS market depth are visible. Entry near $20.94, target $28.00, stop $…