Goldman Sachs assumed coverage of Affirm with a Buy rating and $42 price target. The analyst views Affirm as the leading provider of modern credit solutions for consumers, with a diverse portfolio of products for point of sale financing, and every day spending. The company has a strong track record of achieving well managed credit outcomes despite growing faster than peers, the analyst tells investors in a research note. The firm believes the combination of “differentiated” underwriting and a “vast” distribution network will support sustainable 15%-plus gross merchandise volume growth over time.
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