Truist raised the firm’s price target on Affirm (AFRM) to $72 from $58 and keeps a Buy rating on the shares. Truist likes the setup for the FinTech sector as earnings results in totality should be solid, and the group has underperformed of late, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFRM:
- Target downgraded, Dollar Tree upgraded: Wall Street’s top analyst calls
- Oppenheimer bullish on Affirm, initiates with an Outperform
- Affirm initiated with an Outperform at Oppenheimer
- Private Markets: JPMorgan initiates coverage of OpenAI
- Starbucks downgraded, Oracle initiated: Wall Street’s top analyst calls