Affirm price target raised to $25 from $18 at BofA

BofA raised the firm’s price target on Affirm to $25 from $18 and keeps a Neutral rating on the shares following an “impressive” fiscal Q1 that included all key metrics above the high end of guidance and a modestly raised F24 outlook. Affirm continues be a share-taker in the BNPL landscape, but the firm still views the discretionary spending and consumer sentiment backdrop as unfavorable, the analyst tells investors.