Bank of America lifts AFRM 12-month target to $104; buy kept
Bank of America analyst Matthew O'Neill raised Affirm’s 12-month price target to $104 from $93 and maintained a buy rating after fiscal fourth-quarter results. AFRM also expects current-quarter revenue of $1.19B-$1.22B.
AFRM Bank of America analyst Matthew O'Neill raised $AFRM's 12-month price target to $104 from $93 and maintained a buy rating following fiscal fourth-quarter results.
The Details: · Price target: The new $104 target implies 34% upside from Thursday's market close. · Guidance beat: Affirm expects current-quarter revenue of $1.19 billion to $1.22 billion, topping FactSet consensus of $1.16 billion. · Future catalysts: Bank of America cited potential drivers including a bank charter and brand-sponsored promotions. · Stock move: Affirm shares rose about 13% in early premarket trading Friday.