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

Affirm (NASDAQ:AFRM) had its price objective boosted by Cantor Fitzgerald from $61.00 to $80.00 in a research note issued to investors on Tuesday morning, Marketbeat.com reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other research analysts also recently commented on AFRM. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research report on Friday, March 27th. Needham & Company LLC cut their price target on Affirm from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Wall Street Zen downgraded Affirm from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Susquehanna reiterated a “positive” rating and issued a $100.00 price target on shares of Affirm in a report on Friday, February 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.60.

Affirm Trading Down 5.4%

NASDAQ AFRM opened at $62.98 on Tuesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. The company has a market capitalization of $20.98 billion, a price-to-earnings ratio of 77.75, a price-to-earnings-growth ratio of 4.64 and a beta of 3.63. The company’s 50-day simple moving average is $50.28 and its two-hundred day simple moving average is $63.76. Affirm has a one year low of $42.10 and a one year high of $100.00.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. Equities analysts forecast that Affirm will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total value of $110,000.00. Following the sale, the director directly owned 38,076 shares in the company, valued at approximately $2,094,180. This trade represents a 4.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% of the company’s stock.

Institutional Trading of Affirm

A number of institutional investors have recently modified their holdings of AFRM. Norges Bank bought a new stake in shares of Affirm in the 4th quarter valued at about $281,961,000. Invesco Ltd. boosted its holdings in shares of Affirm by 294.2% in the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock valued at $316,706,000 after buying an additional 3,234,260 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Affirm by 11,042.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock valued at $157,004,000 after buying an additional 2,141,881 shares in the last quarter. Atreides Management LP boosted its holdings in shares of Affirm by 543.3% in the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock valued at $136,751,000 after buying an additional 1,670,429 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Affirm by 26.7% in the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company’s stock valued at $412,315,000 after buying an additional 1,187,665 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm News Roundup

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: BMO Capital Markets upgraded Affirm to “strong?buy,” signaling confidence from a major bank that can support demand for the shares. Read More.
• Positive Sentiment: Cantor Fitzgerald raised its price target to $80, a constructive re?rating that reinforces upside among buy?side investors. Read More.
• Neutral Sentiment: Analysts’ consensus is mixed — the street’s average recommendation sits around “moderate buy,” reflecting divergent views on growth vs. credit/valuation risks. Read More.
• Neutral Sentiment: Coverage roundup: Some outlets highlight a re?balancing debate (growth vs. credit risk and BNPL competition) that keeps the narrative in flux; watch upcoming quarterly details for clarity. Read More.
• Negative Sentiment: Investors reacted to a softer current?quarter revenue outlook, which directly pressures near?term growth expectations and likely drove today’s selling. Read More.
• Negative Sentiment: Valuation pullback: a published fair?value estimate was lowered to $78.93 from $86.00, signaling analysts are trimming modeled upside and contributing to downward pressure. Read More.
• Negative Sentiment: Explanatory coverage highlighted why the stock fell more than the broader market today — mostly tied to guidance and sentiment shifts rather than new operational shocks. Read More.
• Negative Sentiment: Baird reiterated a Neutral rating with a $55 price target, which is well below the recent trading level and could weigh on sentiment if that view gains traction. Read More.

About Affirm

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.