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Pagaya Technologies Ltd. (NASDAQ:PGY) is one of the 20 Stocks Jim Cramer Wanted You To Sell & Immediately Get Out Of.

Pagaya Technologies Ltd. (NASDAQ:PGY) is a financial technology company that enables its customers to manage loan applications. The shares are up by 16% over the past year and are down by 45% year-to-date. While the stock is down by 14% since Cramer discussed it in February, it did soar by 209% between the 28th and September 2nd. One notable move in Pagaya Technologies Ltd. (NASDAQ:PGY)’s stock occurred on July 17th when the shares closed 25.4% higher. On that day, the firm announced its preliminary second-quarter results, which saw the firm guide $2.6 billion in network volume, $326 million in total revenue, and $17 million in GAAP net income. All three metrics were higher than the high end of Pagaya Technologies Ltd. (NASDAQ:PGY)’s previously stated range. However, the stock closed 23.9% lower on February 9th as the firm posted its fourth quarter earnings, which saw it miss analyst revenue estimates. Here is what Cramer had said about Pagaya Technologies Ltd. (NASDAQ:PGY) on February 24th:

“You know, it’s up so much. It, fintech, there’s only a couple fintechs that have really stayed. I want you to take some profits. Let’s just do it. Let’s just do that. I’m gonna ask you to ring the register.”

While we acknowledge the potential of PGY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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