AFRM - Affirm Holdings Boosts Profits Despite Choppy Macro: 5 Of 6 Analysts Revise Forecasts Post-FQ1 | Benzinga
Shares of Affirm Holdings Inc (NASDAQ: AFRM) were rallying on Thursday, along with some other popular stocks.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
Truist Securities On Affirm Holdings
Analyst Andrew Jeffrey maintained a Buy rating, while raising the price target from $28 to $33.
"BNPL is a viable tender type and Affirm is the mkt leader, owing to superior tech, ways to pay, a leading card present value prop and important enterprise customers,” Jeffrey wrote in a note.
"If we are correct, investors should expect BNPL tender to steadily rise from ~5% of eCommerce over the next several yrs, while edging into the 5x larger card present TAM,” the analyst said. "We think this outlook makes AFRM a core growth holding,” he added.
Piper Sandler On Affirm Holdings
Analyst Kevin Barker ...