Affirm (NASDAQ:AFRM) Price Target Raised to $95.00

Key Points

• Investment analysts at Truist Financial raised Affirm's price target from $72.00 to $95.00, indicating a potential upside of 16.69% from the stock's previous close.
• Affirm recently reported an earnings per share (EPS) of $0.20 for the quarter, beating analyst estimates by $0.09 and demonstrating a year-over-year revenue increase of 32.9%.
• As of the latest analysis, Affirm has a consensus rating of "Moderate Buy", with multiple analysts rating the stock as a buy, while one analyst rates it as a strong buy.

Affirm (NASDAQ:AFRM - Get Free Report) had its price objective boosted by investment analysts at Truist Financial from $72.00 to $95.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price objective indicates a potential upside of 16.69% from the stock's previous close.

A number of other research analysts have also weighed in on the stock. Jefferies Financial Group raised their target price on shares of Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Oppenheimer set a $80.00 price objective on shares of Affirm and gave the company an "outperform" rating in a report on Monday, July 21st. BTIG Research lowered Affirm from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Bank of America upped their price objective on Affirm from $90.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Affirm in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.04.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $81.41 on Friday. The stock has a market capitalization of $26.51 billion, a price-to-earnings ratio of 626.28, a PEG ratio of 5.51 and a beta of 3.64. Affirm has a 12 month low of $30.90 and a 12 month high of $100.00. The firm's 50 day simple moving average is $74.61 and its 200-day simple moving average is $59.91. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54.

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

Insider Buying and Selling at Affirm

In other news, CAO Siphelele Jiyane sold 25,533 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $90.71, for a total transaction of $2,316,098.43. Following the completion of the transaction, the chief accounting officer directly owned 226,467 shares of the company's stock, valued at $20,542,821.57. This trade represents a 10.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Michael Linford sold 184,200 shares of Affirm stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total transaction of $14,752,578.00. Following the transaction, the chief operating officer owned 109,840 shares in the company, valued at $8,797,085.60. The trade was a 62.64% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,260,497 shares of company stock worth $101,241,354. 11.82% of the stock is currently owned by insiders.

Institutional Trading of Affirm

A number of institutional investors have recently made changes to their positions in the stock. Huntington National Bank raised its holdings in shares of Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company's stock worth $27,000 after purchasing an additional 336 shares in the last quarter. SouthState Corp grew its position in Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company's stock worth $30,000 after acquiring an additional 280 shares in the last quarter. Blume Capital Management Inc. grew its position in Affirm by 468.8% in the second quarter. Blume Capital Management Inc. now owns 455 shares of the company's stock worth $31,000 after acquiring an additional 375 shares in the last quarter. Allworth Financial LP grew its position in Affirm by 63.7% in the first quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company's stock worth $39,000 after acquiring an additional 264 shares in the last quarter. 69.29% of the stock is 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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