JPMorgan lowered the firm’s price target on Affirm (AFRM) to $69 from $74 and keeps an Overweight rating on the shares post the fiscal Q3 report. The company’s gross merchandise volume growth accelerated sequentially, bucking broader spend and retail trends, though the revenue and gross profit beats were smaller than previous quarters, the analyst tells investors in a research note. The firm trimmed the price target to reflect macro uncertainty.
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