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Why Pagaya Stock Exploded Higher Today

TheMotleyFool

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Why Pagaya Stock Exploded Higher TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Artificial intelligence (AI)-assisted fintech stock Pagaya Technologies (NASDAQ: PGY) soared 20.2% through 10:05 a.m. ET Monday after beating on sales and crushing on earnings.

Heading into the Q3 report, analysts forecast Pagaya would earn $0.66 per share on sales of $338.9 million. Sales edged out the estimate at $339.9 million, and earnings hit $1.02 per share.

Image source: Getty Images.

Source Fool.com

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