JPMorgan raised the firm’s price target on Affirm (AFRM) to $94 from $91 and keeps an Overweight rating on the shares following the fiscal Q4 report. The company’s gross merchandise volume growth exceeded 40% for the first time since the pandemic, and its notional volume growth reached the highest level on record, the analyst tells investors in a research note. The firm says Affirm’s guidance beat expectations on most key metrics.
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: Hold Rating Amid Growth Concerns and Competitive Pressures
- Affirm price target raised to $90 from $70 at Morgan Stanley
- Affirm price target raised to $85 from $56 at UBS
- Affirm Holdings: Strong Financial Performance and Growth Prospects Drive Buy Rating
- Affirm price target raised to $94 from $90 at BofA