Affirm price target raised to $52 from $46 at RBC Capital

RBC Capital raised the firm’s price target on Affirm (AFRM) to $52 from $46 and keeps a Sector Perform rating on the shares. The company delivered another strong quarter with increased guidance and a reiteration of expectations for achieving GAAP operating income profitability in Q4 of FY25, as well as potential incremental benefits from the Affirm Card, Apple Pay and the ramping of international markets, the analyst tells investors in a research note.