Susquehanna raised the firm’s price target on Affirm (AFRM) to $76 from $65 and keeps a Positive rating on the shares. The firm raised its target but lowered its estimates as data indicates strong volume, and they are maintaining their high TPV. And there is an abundance of supply in the private credit markets and as BNPL adoption grows mainstream, it’s actually moving up market where investors should expect increased adoption among the affluent.
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:
- Affirm Holdings: Hold Rating Amidst Rising Competition from Synchrony’s BNPL Expansion with Amazon
- Synchrony’s announcements positive for Bread Financial, says BTIG
- Synchrony could take ‘significant’ BNPL share from Affirm, says BTIG
- Synchrony announces partnership with One Pay, renewed relationship with Amazon
- Affirm price target raised to $72 from $58 at Truist