Affirm price target raised to $94 from $91 at JPMorgan

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.