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Affirm elevated to Top Pick at Morgan Stanley

Morgan Stanley analyst James Faucette named Affirm (AFRM) as the analyst’s Top Pick, citing upward estimate revision potential, “overdone” private credit fears, and a strong catalyst path. The upcoming investor forum in May “could be a major catalyst,” with the company likely to raise GMV, margin and EPS targets, adds the analyst, who has an Overweight rating and $76 price target on Affirm shares.

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