Affirm price target raised to $60 from $55 at Truist

Truist raised the firm’s price target on Affirm to $60 from $55 and keeps a Buy rating on the shares as part of a broader research note on FinTech names. After a strong Q4, the firm sees “more of the same” for the group as investors add exposure in a soft landing and press multiple expansion for fast-growing Digital FinTechs that are approaching profitability, the analyst tells investors in a research note. The market remains skeptical on the long-term durability of buy-now-pay-later as a real tender, but the firm sees the company with “significantly higher structural tender share”, Truist added.