Jefferies analyst John Hecht raised the firm’s price target on Affirm (AFRM) to $95 from $82 and keeps a Buy rating on the shares. Fintech lenders have so far reported a strong Q2 and signaled continuing momentum, notes the analyst, who expects a strong fiscal Q4 for Affirm when the company reports this Thursday. Macro reads have been stable and partnership announcements continued to be active throughout the quarter, notes the analyst, who estimates that Affirm will achieve the higher end of GMV guidance of $9.4B-$9.7B in Q4.
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