Affirm shares are trading higher after Jefferies upgraded the stock from Underperform to Hold and raised its price target from $9.5 to $30.
Portfolio Pulse from Benzinga Newsdesk
Affirm Holdings Inc.'s stock (AFRM) is trading higher following an upgrade by Jefferies from 'Underperform' to 'Hold'. Additionally, Jefferies increased its price target for Affirm from $9.5 to $30.
November 28, 2023 | 5:24 pm
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Jefferies upgraded Affirm Holdings Inc. (AFRM) from 'Underperform' to 'Hold' and raised the price target from $9.5 to $30, indicating a more positive outlook on the stock.
The upgrade by Jefferies is a significant change in the investment firm's view on Affirm's stock, suggesting improved fundamentals or market conditions that could encourage investors to reassess the company's value. The substantial increase in the price target may lead to increased investor confidence and a short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100