Evercore ISI Forecasts Strong Price Appreciation for Affirm (NASDAQ:AFRM) Stock

Key Points

• Evercore ISI raised Affirm's price target from $67.00 to $100.00, indicating a potential upside of 25.02% from its current price and maintaining an "outperform" rating on the stock.
• Affirm reported quarterly earnings of $0.20 per share, exceeding analyst expectations and demonstrating a year-over-year revenue growth of 32.9%.
• Insider activity showed a notable decrease in holdings, with key insiders selling a combined total of over $1.6 million in shares recently.

Affirm (NASDAQ:AFRM - Free Report) had its price objective upped by Evercore ISI from $67.00 to $100.00 in a report released on Friday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the company. Barclays increased their target price on Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Oppenheimer set a $80.00 target price on Affirm and gave the stock an "outperform" rating in a research report on Monday, July 21st. Zacks Research downgraded Affirm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Jefferies Financial Group raised their price objective on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, Redburn Atlantic upgraded Affirm to a "hold" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $79.04.

Affirm Price Performance

Shares of AFRM traded down $6.24 during trading hours on Friday, reaching $82.22. 13,840,728 shares of the company traded hands, compared to its average volume of 7,423,403. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $26.52 billion, a PE ratio of 632.51, a price-to-earnings-growth ratio of 3.29 and a beta of 3.64. Affirm has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The stock has a fifty day simple moving average of $71.71 and a 200 day simple moving average of $59.09.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The business's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, research analysts predict that Affirm will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In related news, insider Katherine Adkins sold 6,489 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $75.00, for a total transaction of $486,675.00. Following the sale, the insider directly owned 113,400 shares in the company, valued at approximately $8,505,000. This trade represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert O'hare sold 77,800 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $6,231,002.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,128,938 shares of company stock worth $89,217,029. Insiders own 11.82% of the company's stock.

Institutional Investors Weigh In On Affirm

Several hedge funds have recently modified their holdings of AFRM. Durable Capital Partners LP raised its holdings in shares of Affirm by 97.3% during the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock valued at $356,769,000 after buying an additional 2,888,827 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Affirm by 140.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock worth $205,350,000 after purchasing an additional 2,657,074 shares during the last quarter. Norges Bank purchased a new stake in Affirm during the 2nd quarter worth approximately $183,475,000. Atreides Management LP increased its holdings in Affirm by 543.3% during the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company's stock worth $136,751,000 after purchasing an additional 1,670,429 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Affirm by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock worth $1,051,707,000 after purchasing an additional 1,457,434 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.