Affirm (NASDAQ:AFRM) Price Target Raised to $96.00

Affirm (NASDAQ:AFRM) had its price objective upped by Royal Bank Of Canada from $80.00 to $96.00 in a report published on Friday, MarketBeat.com reports. The brokerage currently has a sector perform rating on the stock.

Other analysts also recently issued research reports about the stock. Oppenheimer lifted their price target on shares of Affirm from $100.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday. Barclays upped their price objective on shares of Affirm from $97.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America raised their price objective on shares of Affirm from $93.00 to $104.00 and gave the company a “buy” rating in a research note on Friday. Sanford C. Bernstein started coverage on shares of Affirm in a report on Tuesday, July 21st. They set an “outperform” rating and a $100.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Affirm from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Friday. One 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 company. According to data from MarketBeat, Affirm currently 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. Affirm has a 52-week low of $42.10 and a 52-week high of $100.00. The business’s 50 day simple moving average is $77.45 and its two-hundred day simple moving average is $64.64. The firm has a market cap of $26.04 billion, a P/E ratio of 14.09, a PEG ratio of 3.13 and a beta of 3.71.

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

Insider Activity

In related news, COO Michael Linford sold 100,000 shares of the company’s stock in a transaction 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 sale, the chief operating officer owned 117,984 shares in the company, valued at approximately $9,443,439.36. This represents a 45.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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.

Hedge Funds Weigh In On Affirm

Several large investors have recently bought and sold shares of AFRM. Royal Bank of Canada boosted its holdings in Affirm by 2.1% during the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after acquiring an additional 3,892 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Affirm by 90.7% in the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after purchasing an additional 8,014 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Affirm in the first quarter valued at about $243,000. EverSource Wealth Advisors LLC lifted its position in shares of Affirm by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock valued at $189,000 after purchasing an additional 427 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Affirm by 44.8% during the second quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock valued at $13,242,000 after purchasing an additional 59,297 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: 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.