Mizuho analyst Dan Dolev says Affirm’s securitization trends for November are "mainly encouraging." He sees overall delinquencies for Affirm’s non-0% APR trust only increasing by one basis points in November versus October. This is a substantially slower pace versus the 20-25 basis point month-over-month average increase in the prior three months, Dolev tells investors in a research note. In addition, the company’s 90-day delinquencies are "particularly upbeat," declining in November by four basis points, reversing the trend of three consecutive months of rising delinquencies, says the analyst. Dolev has a Buy rating on Affirm with a $20 price target.
Published first on TheFly
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