Mizuho analyst Dan Dolev says Affirm’s asset backed security securitization trends for December are "largely encouraging." The analyst sees overall delinquencies for the company’s primary non-0% annual percentage rate trust declining by almost 20 basis points versus the prior month. This is an acceleration of the promising trend seen in November, the firm tells investors in a research note. While trends for the new 2022-A A securitization appear to "worsen somewhat, this trust is likely too new to draw any major conclusions," it adds. The analyst reiterates a Buy rating on Affirm with a $20 price target.
Published first on TheFly
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