Freedom Capital initiated coverage of Affirm (AFRM) with a Buy rating and $90 price target Buy Now Pay Later has seen exponential growth over the past decade and Affirm is considered the category leader in BNPL payment options to consumers in the U.S., the analyst tells investors. “Tremendous” share gains in the U.S. have translated into a GAAP profitable business and a mid-20s grower, adds the analyst, who sees “several catalysts on the horizon to deliver upside to consensus estimates.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFRM:
- SOFI, AFRM, TOST: Fintech Stocks Could See Boost from Possible S&P 500 Inclusion
- Bread Financial downgraded to Underweight from Neutral at JPMorgan
- Connecticut AG launches inquiry into BNPL lenders
- Affirm Holdings: Balancing Growth and Delinquency Risks Amidst Loosening Underwriting Standards
- Affirm’s Dominance in BNPL and Resilience Amid Market Uncertainties