Affirm Holdings (AFRM – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Moshe Orenbuch from TD Cowen maintained a Buy rating on the stock and has a $65.00 price target.
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Moshe Orenbuch’s rating is based on Affirm Holdings’ recent financial performance and strategic positioning. The company reported a positive GAAP EPS, surpassing expectations, which indicates strong financial health. Revenue aligned with estimates, driven by increased merchant and card network revenues, despite some offset from lower interest income. Affirm’s focus on 0% APR loans, which are mostly utilized by prime customers, is expected to foster repeat business and enhance customer loyalty.
Additionally, Affirm’s non-transaction costs were lower than anticipated, reflecting improved operating leverage and cost management. The company has also raised its guidance for GMV, revenue, and RLTC, suggesting confidence in future growth. Despite a slightly conservative outlook, the strategic reinvestment in high RLTC environments supports long-term expansion potential, justifying the Buy rating.
According to TipRanks, Orenbuch is a top 25 analyst with an average return of 21.6% and a 68.99% success rate. Orenbuch covers the Financial sector, focusing on stocks such as SLM, Capital One Financial, and OneMain Holdings.