Affirm (NASDAQ:AFRM) Price Target Raised to $80.00

Affirm (NASDAQ:AFRM) had its price target hoisted by Morgan Stanley from $79.00 to $80.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

AFRM has been the subject of several other research reports. Barclays initiated coverage on shares of Affirm in a report on Wednesday, July 8th. They issued an “overweight” rating and a $97.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price target on Affirm from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, June 25th. BMO Capital Markets boosted their price objective on Affirm from $78.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group upped their price objective on Affirm from $90.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Affirm currently has an average rating of “Moderate Buy” and a consensus price target of $98.08.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $77.76 on Wednesday. The company has a market capitalization of $26.04 billion, a P/E ratio of 14.09, a P/E/G ratio of 3.14 and a beta of 3.71. Affirm has a 1-year low of $42.10 and a 1-year high of $100.00. The firm’s 50 day simple moving average is $77.45 and its two-hundred day simple moving average is $64.60. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, August 27th. The company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $4.27. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Affirm had a net margin of 45.29% and a return on equity of 54.47%. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. Research analysts expect that Affirm will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, COO Michael Linford sold 100,000 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $80.04, for a total value of $8,004,000.00. Following the sale, the chief operating officer owned 117,984 shares in the company, valued at $9,443,439.36. The trade was a 45.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Affirm

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in shares of Affirm by 63.6% in the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock worth $39,000 after buying an additional 203 shares in the last quarter. UMB Bank n.a. grew its holdings in Affirm by 36.6% during the 4th quarter. UMB Bank n.a. now owns 783 shares of the company’s stock valued at $58,000 after buying an additional 210 shares in the last quarter. Larson Financial Group LLC grew its holdings in Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after buying an additional 213 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Affirm by 1.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 22,296 shares of the company’s stock worth $1,659,000 after acquiring an additional 247 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in Affirm by 3.6% in the 1st quarter. QRG Capital Management Inc. now owns 9,684 shares of the company’s stock worth $444,000 after acquiring an additional 340 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

Trending Headlines about Affirm

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm reported record quarterly profitability, with adjusted EPS of $4.62 versus estimates ranging from approximately $0.35 to $3.77. Revenue increased 33% year over year, while gross merchandise volume rose 36% and adjusted operating income climbed 49%. Affirm Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management’s fiscal 2027 outlook was reportedly above consensus, supported by continued card adoption, merchant expansion and growing use of installment payments for smaller, everyday purchases. Credit performance remained stable, helping reduce concerns about consumer losses. Affirm Q4 Earnings Call Highlights Growth and Product Expansion
• Positive Sentiment: Lower funding costs were another profit tailwind: financing costs fell 103 basis points to 5.8%, allowing margin expansion while the company maintained tight underwriting standards. Affirm Operational Results and Funding Costs
• Positive Sentiment: Several analysts raised their targets following the results. JPMorgan lifted its target to $105 and maintained an overweight rating, BMO raised its target to $101 with an outperform rating, and RBC increased its target to $96. Analyst Price Target Changes
• Positive Sentiment: Affirm expanded its Shopify partnership into Australia through Shop Pay Installments, opening a new international growth channel and increasing the potential reach of its payment products. Affirm and Shopify Launch Shop Pay Installments in Australia
• Neutral Sentiment: Unusually heavy call-option activity and a broader rebound in buy-now-pay-later stocks may be amplifying the move, but these signals do not necessarily reflect long-term fundamental demand.
• Negative Sentiment: The $4.62 EPS headline should be interpreted cautiously because it benefited from a one-time tax allowance release. Reported revenue of roughly $1.07 billion was also below some analyst estimates near $1.11 billion, while the stock’s elevated valuation leaves limited room for execution disappointments. Affirm Earnings Quality Analysis

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.