tiprankstipranks
Trending News
More News >

Affirm initiated with a Buy at Truist

Truist analyst Matthew Coad initiated coverage of Affirm (AFRM) with a Buy rating and $58 price target The analyst, who believes the company has created a high-quality offering that provides meaningful value to both sides of their network, likes the Affirm story long-term. While the analsyt does have some concerns, as the firm believes consensus is not accounting for the worse macro backdrop in their “revenue less transaction costs” yield forecast, Truist expects Affirm’s volume growth and level of market share gains will continue to be “robust,” the analyst tells investors.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue