AFRM ▲ +11.3% - Affirm Holdings, Inc.
$AFRM Bank of America analyst Matthew O’Neill raised AFRM’s 12-month price target to $104 from $93 and maintained a buy rating following fiscal fourth-quarter results. The Details: • Price target: The new $104 target implies 34% upside from Thursday’s market close. • Guidance beat: Affirm expects current-quarter revenue of $1.19 billion to $1.22 billion, topping FactSet consensus of $1.16 billion. • Future catalysts: Bank of America cited potential drivers including a bank charter and brand-sponsored promotions. • Stock move: Affirm shares rose about 13% in early premarket trading Friday.
Bank of America analyst Matthew O'Neill raised Affirm's 12-month price target to $104 from $93 while maintaining a buy rating, following the company's fiscal fourth-quarter earnings results that beat guidance. The analyst cited the company's stronger-than-expected revenue outlook for the current quarter and potential catalysts including a potential bank charter and brand-sponsored promotions as reasons for the upgrade. The 11.3% gain reflects investor enthusiasm for both the raised price target and Affirm's beat on forward guidance.
28-AUG-2026 09:01 AM ET
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