Needham analyst Kyle Peterson lowered the firm’s price target on Affirm (AFRM) to $85 from $100 and keeps a Buy rating on the shares. The company’s Q2 results beat the Street on the top and bottom line while the outlook provided for the back half of the year was solid, and Affirm also provided additional insights on the new AdaptAI/BoostAI tools which are showing promise and could improve both growth and margins over time, the analyst tells investors in a research note.
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