Affirm (NASDAQ:AFRM) Given New $108.00 Price Target at Mizuho

Key Points

• Mizuho analysts raised their price target for Affirm from $70 to $108, indicating a potential upside of 22.09% from the current price.
• Affirm's recent earnings report showed an EPS of $0.20, exceeding expectations of $0.11, along with revenue growth of 32.9% year-over-year.
• The company has received a consensus rating of "Moderate Buy" from analysts, with additional price target increases from firms like Bank of America and Royal Bank of Canada.

Affirm (NASDAQ:AFRM - Get Free Report) had its price objective increased by analysts at Mizuho from $70.00 to $108.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price objective would indicate a potential upside of 22.09% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Bank of America lifted their price target on Affirm from $90.00 to $94.00 and gave the stock a "buy" rating in a research note on Friday. Stephens assumed coverage on Affirm in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 price target on the stock. Royal Bank Of Canada lifted their price target on Affirm from $75.00 to $97.00 and gave the stock a "sector perform" rating in a research note on Friday. Jefferies Financial Group lifted their price target on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Finally, Rothschild & Co Redburn initiated coverage on Affirm in a research note on Friday, August 1st. They issued a "neutral" rating and a $74.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Affirm currently has a consensus rating of "Moderate Buy" and an average target price of $79.04.

Affirm Price Performance

NASDAQ:AFRM opened at $88.46 on Tuesday. The business's 50-day moving average price is $71.71 and its 200 day moving average price is $59.09. The firm has a market cap of $28.54 billion, a P/E ratio of 680.51, a PEG ratio of 3.29 and a beta of 3.64. Affirm has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. The firm 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%.Affirm's revenue was up 32.9% compared to the same quarter last year. During the same period in the previous 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, sell-side analysts predict that Affirm will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In other Affirm news, CEO Max R. Levchin sold 499,223 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $80.17, for a total transaction of $40,022,707.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Siphelele Jiyane sold 15,871 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.00, for a total value of $1,190,325.00. Following the sale, the chief accounting officer owned 242,192 shares of the company's stock, valued at $18,164,400. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,128,938 shares of company stock worth $89,217,029. Corporate insiders own 11.82% of the company's stock.

Institutional Investors Weigh In On Affirm

Institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Affirm by 2,800.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock valued at $2,083,000 after buying an additional 44,495 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Affirm by 2.6% during the 4th quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock valued at $8,887,000 after buying an additional 3,672 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Affirm during the 1st quarter valued at about $120,000. Deutsche Bank AG lifted its holdings in shares of Affirm by 2.6% during the 4th quarter. Deutsche Bank AG now owns 32,400 shares of the company's stock valued at $1,973,000 after buying an additional 817 shares during the last quarter. Finally, BIT Capital GmbH acquired a new stake in shares of Affirm during the 1st quarter valued at about $26,060,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

About Affirm

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.

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