Affirm Holdings shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight and raised its price target from $20 to $37.
Portfolio Pulse from Benzinga Newsdesk
Affirm Holdings shares rose following an upgrade by Morgan Stanley from Underweight to Equal-Weight, with a price target increase from $20 to $37.
October 09, 2024 | 4:25 pm
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POSITIVE IMPACT
Morgan Stanley upgraded Affirm Holdings from Underweight to Equal-Weight and increased its price target from $20 to $37, leading to a rise in the stock price.
The upgrade by a major financial institution like Morgan Stanley typically signals increased confidence in the company's future performance, which can positively influence investor sentiment and lead to a rise in stock price. The significant increase in the price target from $20 to $37 further supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100