William Blair analyst Andrew Jeffrey has reiterated their bullish stance on AFRM stock, giving a Buy rating today.
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Andrew Jeffrey has given his Buy rating due to a combination of factors tied to Affirm’s operating momentum and improving financial profile. He sees the recent share price consolidation as an opportunity, arguing that even after a strong rally the stock still looks attractively valued relative to prospects for sustained mid- to high‑20s percent GMV growth and structurally higher revenue less transaction costs, supported by rising earnings quality and conservative reserving.
He highlights robust fiscal third‑quarter results with RLTC and EBIT ahead of expectations, a healthier revenue mix with less dependence on gain‑on‑sale, and disciplined credit performance underpinned by a growing loss reserve. In his view, Affirm’s leadership in the early-stage BNPL market, favorable shift toward interest-bearing and Pay‑in‑X products, diversified funding, and the emerging contribution of Affirm Card together position the company to maintain high‑3% to 4% RLTC through the cycle and drive operating leverage, justifying a Buy rating.
Jeffrey covers the Technology sector, focusing on stocks such as Dave, Circle Internet Group, Inc. Class A, and Block. According to TipRanks, Jeffrey has an average return of 9.7% and a 57.81% success rate on recommended stocks.
In another report released today, TD Cowen also assigned a Buy rating to the stock with a $90.00 price target.