Affirm price target lowered to $70 from $81 at RBC Capital

RBC Capital lowered the firm’s price target on Affirm (AFRM) to $70 from $81 and keeps a Sector Perform rating on the shares. The company’s Q3 results were solid, though investor expectations were elevated going into the print, the analyst tells investors in a research note. Revenue less transaction costs, RLTC, of $353M was only modestly above RBC estimates and below the Street, the firm added.