BTIG analyst Vincent Caintic lowered the firm’s price target on Affirm (AFRM) to $75 from $81 and keeps a Buy rating on the shares. The company’s Q1 results missed consensus and the midpoint of the company’s guidance on revenue less transaction costs, RLTC, margins by 20bps, the analyst tells investors in a research note. The near-term driver of the RLTC margin compression appears to be credit performance and tightening underwriting, the firm added.
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Read More on AFRM:
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