Pagaya Technologies (NASDAQ:PGY) is listed as one of the 9 small-cap software infrastructure stocks with the highest upside potential. Benchmark analyst Mark Palmer lowered the price target on Pagaya from $48 to $33, citing a violent selloff by investors and softer-than-expected first-quarter guidance.

David Scharf from Citizens JMP also reduced his target price for Pagaya Technologies (NASDAQ:PGY) from $35 to $22. Despite a measured growth forecast linked with credit tightening, the analyst maintained an Outperform rating with almost 79% upside potential from the prevailing level.

Pagaya Technologies (NASDAQ:PGY) is a product-focused technology company that leverages data science and proprietary AI-enabled technology to serve financial institutions, fintech companies, banks, and real estate service providers. While the stock shows investment potential, there are other AI stocks with greater upside potential and less downside risk.

For more promising investment opportunities, check out the list of 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50 on Insider Monkey’s website. This article does not contain any disclosures and was originally published on Insider Monkey.

Read more at Yahoo Finance: Pagaya Technologies (PGY) to Exhibit Growth Amid Credit Tightening