RBC Capital raised the firm’s price target on Affirm to $46 from $43 and keeps a Sector Perform rating on the shares. The company delivered another strong quarter with upside to Street estimates across the board, while its FY25 guidance embeds an expectation to achieve GAAP operating income profitability in Q4, the analyst tells investors in a research note. The firm also notes incremental benefit coming to FY25, depending on the timing of its Apple Pay commercialization and ramping of its international and B2B initiatives.
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