UBS analyst Timothy Chiodo raised the firm’s price target on Affirm (AFRM) to $85 from $56 and keeps a Neutral rating on the shares following the fiscal Q4 report. The company showed continued strength with beats across key metrics, the analyst tells investors in a research note. The firm says Affirm’s most important metric, revenue less transaction costs as a percentage of gross merchandise volume, continues to be above the company’s medium- to long term guidance of 3%-4%.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFRM:
- Affirm Holdings: Strong Financial Performance and Growth Prospects Drive Buy Rating
- Affirm price target raised to $94 from $90 at BofA
- Affirm Rockets After Earnings as Guidance “Will Do Better” Fuels Bulls
- Affirm Holdings: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Affirm price target raised to $105 from $75 at Citizens JMP