Morgan Stanley raised the firm’s price target on Affirm (AFRM) to $70 from $60 and keeps an Equal Weight rating on the shares. The firm, which is expecting “robust” fiscal Q4 results, sees the FY26 outlook as “the key debate.” A Walmart (WMT) headwind is “likely lower than investors appreciate” and the firm thinks Affirm has several underappreciated upside drivers that can sustain robust growth, notes the analyst, who adds that the firm doubts Synchrony’s (SYF) inclusion on Amazon (AMZN) will impact Affirm’s growth “much at all.”
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