Affirm price target lowered to $83 from $95 at Oppenheimer

Oppenheimer lowered the firm’s price target on Affirm (AFRM) to $83 from $95 and keeps an Outperform rating on the shares. The firm notes Affirm reported strong Q2 results, with RLTC coming in 4% above the Street and adjusted operating income 9% ahead. Management also raised FY26 guidance. Affirm continues to lead the BNPL category, supported by advanced underwriting, a resilient and diversified funding model, strong merchant relationships, and transparent pricing.