Affirm price target lowered to $78 from $86 at UBS

UBS lowered the firm’s price target on Affirm (AFRM) to $78 from $86 and keeps a Neutral rating on the shares. Affirm’s Q2 results continued to show positive momentum with beats across revenue, GMV, and adjusted operating income, the analyst tells investors in a research note. Affirm is a leader in Buy Now Pay Later, in part driven by its range/flexible model, both in terms of loan size and in business model, and remains well-positioned with many of the most important eCommerce platforms/retailers in the U.S., UBS adds.