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.
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