This Is What Whales Are Betting On Affirm Holdings
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish stance on Affirm Holdings (NASDAQ:AFRM), with 64% of unusual trading activity indicating bearish tendencies. The trading activity suggests a price target range of $32.5 to $75.0 for AFRM over the next three months. The company, which offers digital commerce solutions, saw its stock price decrease by -3.6%, currently at $38.24. An analyst from BMO Capital has downgraded AFRM to Market Perform with a price target of $44. Earnings are expected to be announced in 6 days.
February 02, 2024 | 5:00 pm
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NEGATIVE IMPACT
Affirm Holdings shows a bearish trend with 64% of unusual trades being bearish. The stock is currently down by -3.6% at $38.24, with a downgrade from BMO Capital to Market Perform and a price target of $44. Earnings announcement is expected in 6 days.
The bearish sentiment among financial giants, combined with a recent downgrade by BMO Capital and an upcoming earnings announcement, suggests a negative short-term impact on AFRM's stock price. The significant bearish trading activity and the stock's recent price decrease further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100