Cantor Fitzgerald Reiterates Overweight Rating for Affirm (NASDAQ:AFRM)

Affirm (NASDAQ:AFRM)‘s stock had its “overweight” rating reaffirmed by Cantor Fitzgerald in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $88.00 price objective on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 13.56% from the stock’s previous close.

AFRM has been the subject of a number of other research reports. Piper Sandler started coverage on Affirm in a research note on Monday, June 29th. They issued an “overweight” rating and a $103.00 price target for the company. Stephens raised their target price on shares of Affirm from $55.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Bank of America increased their price objective on shares of Affirm from $93.00 to $104.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley raised their price target on Affirm from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of Affirm from $89.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.19.

Affirm Stock Performance

Shares of AFRM opened at $77.49 on Friday. Affirm has a 52 week low of $42.10 and a 52 week high of $100.00. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. The stock has a market cap of $25.95 billion, a price-to-earnings ratio of 70.45, a PEG ratio of 3.10 and a beta of 3.71. The business has a 50-day simple moving average of $77.37 and a two-hundred day simple moving average of $64.50.

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, beating analysts’ consensus estimates of $0.35 by $4.27. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue was up 33.1% on a year-over-year basis. On average, analysts expect that Affirm will post 1.24 EPS for the current year.

Insider Transactions at Affirm

In other Affirm news, COO Michael Linford sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its stake in Affirm by 7,715.3% in the 2nd quarter. California State Teachers Retirement System now owns 29,932,275 shares of the company’s stock worth $2,440,977,000 after buying an additional 29,549,277 shares during the period. Norges Bank bought a new position in Affirm during the 4th quarter worth about $281,961,000. Invesco Ltd. lifted its position in shares of Affirm by 294.2% in the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock worth $316,706,000 after purchasing an additional 3,234,260 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Affirm by 11,042.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock worth $157,004,000 after buying an additional 2,141,881 shares in the last quarter. Finally, Atreides Management LP increased 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 acquiring an additional 1,670,429 shares during the period. 69.29% of the stock is owned by institutional investors.

Key Affirm News

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Large EPS beat: Affirm reported quarterly earnings of $4.62 per share, far above the roughly $0.33–$0.35 consensus estimate and up from $0.20 a year earlier. Affirm Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: Strong operating metrics: Fiscal fourth-quarter revenue increased 33.1% year over year to $1.07 billion, while gross merchandise volume reportedly exceeded expectations. Affirm also highlighted continued growth in smaller, everyday purchases, suggesting broader BNPL adoption beyond major-ticket items. Affirm Stock Jumps After Earnings
• Positive Sentiment: International expansion: Affirm and Shopify launched Shop Pay Installments in Australia. The rollout gives Affirm access to Shopify’s Australian merchant and shopper ecosystem and extends the companies’ exclusive installments partnership. Affirm and Shopify Launch Shop Pay Installments in Australia
• Neutral Sentiment: Forward outlook: Affirm’s first-quarter fiscal 2027 revenue guidance is approximately $1.2 billion, broadly in line with consensus. Investors will focus on the company’s full-year outlook and whether growth and profitability can justify the stock’s elevated valuation.
• Neutral Sentiment: Analyst support was modest: Morgan Stanley raised its price target from $79 to $80 while retaining an Equal Weight rating, implying limited near-term upside. RBC Capital Markets maintained a Hold view. Morgan Stanley Raises Affirm Price Target
• Negative Sentiment: Valuation and revenue caveat: Although profitability and transaction volume were strong, reported revenue of $1.07 billion was slightly below the $1.11 billion consensus cited in company coverage. Zacks also downgraded Affirm from Strong Buy to Hold, reinforcing concerns about valuation and execution risk. Affirm Q4 Key Metrics

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.