Affirm price target lowered to $21 from $27 at Credit Suisse

Credit Suisse analyst Timothy Chiodo lowered the firm’s price target on Affirm to $21 from $27 and keeps a Neutral rating on the shares following quarterly results. The analyst notes Affirm guided gross merchandise value slightly down versus prior expectations, with the new range of $20.5B-$21.5B having a reduced high-end versus prior.