Affirm price target raised to $65 from $30 at Mizuho

Mizuho raised the firm’s price target on Affirm (AFRM) to $65 from $30 and keeps a Buy rating on the shares. Mizuho expects the debate around Affirm to increasingly shift from BNPL and partnerships like Walmart (WMT) to Affirm becoming a full-fledged financial services firm. In that context, Mizuho contends that the combination of rapid adoption of the “Affirm Card” coupled with an estimated three to four times uplift in card spend for users with direct deposit “could drive a step-function increase to our medium-term expectations.”