Jefferies upgraded Affirm (AFRM) to Buy from Hold with a price target of $82, up from $70. The firm’s upgrade is predicated on recent growth trends, upside to consensus GMV estimates, margin expansion, credit, rate tailwinds, and relative valuation, says the analyst. The firm sees 35% upside to revenue and volumes if current market trends persist through FY27, and up to 50% if an acceleration occurs, the analyst noted.
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