RBC Capital raised the firm’s price target on Affirm to $26 from $17 and keeps a Sector Perform rating on the shares after its Q1 results that were highlighted by better than expected operating profitability. The company continues to innovate and manage its overall portfolio, despite persistently higher rates, macro uncertainty, and investor concerns over a possible weakening consumer, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 the top stocks recommended by analysts >>
Read More on AFRM:
- Affirm price target raised to $25 from $18 at BofA
- Affirm price target raised to $20 from $17 at Wells Fargo
- Affirm Stock (NASDAQ:AFRM) Gained 11% as Q1 Results Beat Estimates
- Affirm price target raised to $12 from $10 at BTIG
- Affirm says company gaining market share, maintaining strong unit economics