Deutsche Bank analyst Bryan Keane raised the firm’s price target on Affirm to $18 from $11 and keeps a Hold rating on the shares ahead of the company’s fiscal Q2 results. The analyst sees "more muted upside" versus consensus estimates and the company’s guidance for both Q2 and fiscal 2023 given the "looming economic slowdown." However, it raised the price target to reflect recent higher peer group valuations among consumer lending fintechs.
Published first on TheFly
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