Affirm Holdings' Debit+ Card Holds Tremendous Potential To Boost Volumes, Bullish Analyst Says
Portfolio Pulse from Nabaparna Bhattacharya
Mizuho analyst Dan Dolev reiterated a Buy rating on Affirm Holdings Inc (NASDAQ:AFRM), raising the price target to $20 from $17. The analyst is bullish on AFRM's recently launched Debit+ card, which he believes holds potential for ~250% volume CAGR through FY26. The analyst raised FY24 and FY25 total revenue estimates based on the anticipated success of Debit+.
July 11, 2023 | 7:35 pm
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Affirm Holdings' Debit+ card is expected to significantly boost the company's volume CAGR through FY26, leading to raised revenue estimates for FY24 and FY25. The company's stock price target has been raised to $20 from $17.
The news is directly related to Affirm Holdings and its recently launched product, the Debit+ card. The analyst's bullish stance and the raised price target suggest a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100