Wedbush upgraded Affirm to Neutral from Underperform with a $45 price target The firm believes a lower interest rate environment should be beneficial to the company on several fronts, including lower funding costs and incremental GMV growth, the analyst tells investors. Credit quality has consistently outperformed the firm’s expectations over the past couple of years in this higher rate environment due in part to the short duration of the company’s product, notes the analyst, who expects solid credit quality to continue, at least in the near term.
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