Rothschild & Co Redburn upgraded Affirm (AFRM) to Buy from Neutral with a price target of $101, up from $74, which offers 30% upside. Affirm offers a “more established” product set and partnership-led international growth relative to Klarna (KLAR), the analyst tells investors in a research note. The firm believes Affirm’s move into international markets will be a major contributor to its long-term growth. Rothschild says Affirm “currently represents the most compelling long-term investment opportunity.”
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