Affirm price target raised to $25 from $20 at Mizuho

Mizuho raised the firm’s price target on Affirm to $25 from $20 and keeps a Buy rating on the shares. The company reported “stellar” fiscal Q4 results and provided fiscal 2024 guidance “that more than impressed,” the analyst tells investors in a research note. The firm says an improved profitability outlook and the impressive adoption of the Affirm Card add to its bullish stance. It continues to view Affirm as one of the most innovative names in the space.