Is Affirm Poised for a Comeback? Analyst Highlights Opportunity in Recent Dip
Portfolio Pulse from Anusuya Lahiri
Truist analyst Andrew W. Jeffrey reiterated a Buy rating on Affirm Holdings Inc (NASDAQ:AFRM) with a price target of $60, highlighting the recent dip as an opportunity. Despite a 19% year-to-date decline, Jeffrey is optimistic about Affirm's potential, citing expected gains in Enterprise customer share, stable credit trends, better-than-expected RLTC, and strong liquidity. He also sees significant growth potential for BNPL, projecting Affirm could become a nearly $16 billion revenue company.
February 02, 2024 | 6:49 pm
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Truist analyst Andrew W. Jeffrey reiterates a Buy rating on Affirm Holdings Inc with a $60 price target, optimistic about its future despite a 19% YTD decline. Expects significant growth in BNPL, projecting Affirm as a nearly $16 billion revenue company.
The analyst's reiteration of a Buy rating and a high price target despite the year-to-date decline indicates a strong belief in Affirm's growth potential, especially in the BNPL sector. This positive outlook, coupled with projections of significant revenue and EBITDA growth, suggests a bullish short-term impact on AFRM's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100