RBC Capital raised the firm’s price target on Affirm (AFRM) to $97 from $75 and keeps a Sector Perform rating on the shares. The company delivered a strong quarter with beats across the board and provided FY26 guidance that surpassed expectations, particularly on GMV, Gross Merchandise Volume, which was a particular point of focus from investors as they contemplated the impact of the removal of a large enterprise client, the analyst tells investors in a research note. Affirm continues to shift its mix towards 0% APR offers, which attracts a higher credit consumer, the firm added.
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: Strong Buy Rating Driven by Robust Growth and Strategic Positioning in the Expanding BNPL Market
- Affirm price target raised to $94 from $91 at JPMorgan
- 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