Affirm delinquency trends improved notably, says Mizuho

Mizuho says Affirm’s delinquency trends improved notably in February, with total delinquencies for 2021-B A declining for the fourth straight month to below 3%, which has not been seen since May 2022. Moreover, the rate of improvement was better than the prior three months, the analyst tells investors in a research note. The firm reiterates a Buy rating on the shares with an $18 price target.