Barclays analyst Ramsey El-Assal raised the firm’s price target on Affirm to $19 from $16 and keeps an Overweight rating on the shares. The analyst expects few surprises in the company’s fiscal Q4 print, but believes 2024 Street revenue less transaction cost projections may be too optimistic. At the same time, the consumer backdrop is more benign than expected, says the analyst, who continues to view Affirm as a winner through the cycle. In this context, the firm raised the price target following the recent run up in shares.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AFRM:
- Affirm (NASDAQ: AFRM) Shoots Up as Mizuho Analyst Bullish about Debit+ Card
- Affirm up 5% to $15.50 after Mizuho boosts target on Debit+
- Affirm price target raised to $20 from $17 at Mizuho
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Affirm shuts return management unit it bought for $300M, The Information says