2024-02-28 06:45:00 ET
Artificial intelligence (AI) is changing almost every industry, and investors can't get enough of it. But how can you distinguish between the hype and companies that are the wave of the future? You do the same deliberate analysis you should always do with any stock you're considering adding to your portfolio. How is the company performing today? What are its challenges and opportunities? Is management promising the moon? And don't forget valuation.
Pagaya Technologies (NASDAQ: PGY) is one AI stock that hasn't yet captured market attention, but Wall Street sees plenty of upside for its stock. Should you buy it now?
Pagaya operates a credit evaluation platform informed by AI. The digital infrastructure means it can process millions of data points and create a more accurate picture of a borrower's credit than the traditional credit score .
For further details see:
Wall Street Sees 100% Upside for This Artificial Intelligence (AI) Stock No One Is Talking About