Affirm delinquencies reached new lows in March, says Mizuho

Mizuho analyst Dan Dolev says Affirm saw continued delinquency improvements across the board for both trusts in March. Delinquencies for each age category declined once again in March, and in the case of both trusts, overall rates reached new lows, the analyst tells investors in a research note. The downtick is a positive for Affirm, says the firm, which reiterates a Buy rating on the shares with an $18 price target.