Stephens & Co. Maintains Underweight on Affirm Holdings, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Vincent Caintic maintains an Underweight rating on Affirm Holdings (NASDAQ:AFRM) and raises the price target from $6 to $16.
February 09, 2024 | 6:01 pm
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POSITIVE IMPACT
Affirm Holdings' price target has been raised from $6 to $16 by Stephens & Co., although the Underweight rating is maintained.
The increase in price target from $6 to $16 by a reputable analyst firm like Stephens & Co. could be seen as a positive signal to the market, potentially leading to short-term investor optimism. However, the maintenance of an Underweight rating indicates underlying concerns about the company's fundamentals or market position, which might temper the positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100