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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AFRM: