Deutsche Bank analyst Bryan Keane raised the firm’s price target on Affirm (AFRM) to $75 from $45 and keeps a Hold rating on the shares after meeting with management. The company is seeing strength in spending on travel and consumer electronics, the analyst tells investors in a research note. The firm says management noted that Affirm continues to grow much faster than e-commerce at large, while still benefiting from the general acceleration versus offline commerce.
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