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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on AFRM:
- KAYAK and Affirm partner to help travelers book now and pay over time
- Affirm December securitization trends ‘largely encouraging,’ says Mizuho
- Affirm Holdings call volume above normal and directionally bullish
- Affirm price target lowered to $24 from $32 at DA Davidson
- Affirm Holdings put volume heavy and directionally bearish