Why These 15 Software Stocks Are Skyrocketing So Far in 2025

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8. Pagaya Technologies Ltd (NASDAQ:PGY)

Number of Hedge Fund Holders In Q3 2024: 21

Pagaya Technologies Ltd (NASDAQ:PGY) is a tech company that uses AI and machine learning for financial institutions.

The stock is up significantly after its strong 2025 guidance and a Q4 2024 earnings beat. It reported Q4 2024 revenue of $279.39 million (beating estimates of $264.28 million) and sees good 2025 adjusted EBITDA.

It had some major asset-backed securitization (ABS) deals. It closed a $300 million auto loan ABS on February 10, 2025. This transaction was oversubscribed by 14 investors and marked Pagaya’s largest auto deal since 2023.

Also, a $500 million loan was upsized to $600 million due to high demand, along with a $2.4 billion forward flow agreement with Blue Owl Capital in early February.

The consensus price target of $20.17 implies 31.21% upside.

PGY stock is up 65.45% year-to-date.

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