Affirm price target raised to $47 from $44 at BMO Capital

BMO Capital raised the firm’s price target on Affirm to $47 from $44 and keeps a Market Perform rating on the shares. The company reported a big broad-based beat and higher full-year guidance with faster than previously-modeled volume growth only partially offset by higher expected operating expenses, the analyst tells investors in a research note. BMO adds however that Affirm shares almost tripled going into year-end thanks to interest rate relief and solid holiday volume performance.