Affirm (NASDAQ:AFRM) Price Target Raised to $105.00

Affirm (NASDAQ:AFRM) had its price objective hoisted by JPMorgan Chase & Co. from $90.00 to $105.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

AFRM has been the subject of several other research reports. UBS Group raised their target price on Affirm from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday. Susquehanna raised their price objective on Affirm from $105.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday. Zacks Research downgraded Affirm from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Royal Bank Of Canada raised their price target on shares of Affirm from $80.00 to $96.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Piper Sandler upped their price objective on shares of Affirm from $103.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Affirm has an average rating of “Moderate Buy” and an average target price of $98.08.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $77.76 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.80 and a current ratio of 11.80. The company has a market cap of $26.04 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 3.13 and a beta of 3.71. Affirm has a 52 week low of $42.10 and a 52 week high of $100.00. The firm has a 50 day simple moving average of $77.45 and a 200 day simple moving average of $64.64.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, August 27th. The company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $4.27. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue was up 33.1% on a year-over-year basis. As a group, research analysts expect that Affirm will post 1.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Michael Linford sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the transaction, the chief operating officer owned 117,984 shares of the company’s stock, valued at approximately $9,443,439.36. This trade represents a 45.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. Insiders own 11.01% of the company’s stock.

Institutional Investors Weigh In On Affirm

Several institutional investors and hedge funds have recently modified their holdings of the business. Greenline Wealth Management LLC bought a new stake in Affirm in the fourth quarter worth $26,000. Syntegra Private Wealth Group LLC bought a new stake in shares of Affirm during the 1st quarter worth about $28,000. Triumph Capital Management acquired a new position in shares of Affirm during the 3rd quarter valued at about $31,000. Strive Financial Group LLC acquired a new stake in Affirm in the 4th quarter worth approximately $33,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Affirm during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

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.