Buy Now Pay Later provider Klarna (KLAR) on Monday announced that it will become Walmart’s (WMT) exclusive provider of BNPL services, replacing current BNPL provider Affirm (AFRM), B. Riley analyst Hal Goetsch tells investors in a research note. Klarna is Pagaya’s (PGY) leading logo/customer in BNPL, the firm says, adding that it believes that the Klarna/Walmart partnership will bring new application flow to Pagaya at very little, if any, incremental cost. The firm, which reiterates a Buy rating and $36 price target on Pagaya shares, thinks Pagaya is well-positioned to grow efficiently in 2025 and 2026.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PGY:
- Pagaya Technologies Ltd: Positioned for Growth and Profitability with New Products and Strategic Funding
- Needham financial technology analysts hold an analyst/industry conference call
- Unusually active option classes on open February 18th
- The Future of Lending, or a Short-seller’s Dream? A Closer Look at Pagaya Technologies (PGY)
- Pagaya Technologies Earnings Call Highlights Positive 2025 Outlook
Questions or Comments about the article? Write to editor@tipranks.com