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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Read More on AFRM:
- Affirm price target lowered to $85 from $105 at Citizens
- Citi opens ‘upside 90-day catalyst watch’ on Affirm
- Affirm price target lowered to $80 from $95 at TD Cowen
- Affirm: Stable Underwriting and Adequate Reserves Support Hold Rating Despite Isolated Delinquency Pressure
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