Affirm (NASDAQ:AFRM) Stock Price Target Cut by Piper Sandler

Key Points

• Piper Sandler cut Affirm’s price target from $115 to $105 but maintained its “overweight” rating; the new target suggests about 50.7% upside from the prior close.
• Analyst sentiment remains broadly positive: MarketBeat reported a “Moderate Buy” consensus and an average price target of $97.04.
• Affirm reported quarterly EPS of $0.47, beating the $0.38 consensus and rising from $0.23 a year earlier. Revenue figures in the article conflict: one section reports $1.15 billion, below estimates, while another cites $1.26 billion, above estimates.

Affirm (NASDAQ:AFRM - Get Free Report) had its price objective dropped by stock analysts at Piper Sandler from $115.00 to $105.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's price objective indicates a potential upside of 50.73% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald lifted their target price on shares of Affirm from $88.00 to $97.00 and gave the stock an "overweight" rating in a research note on Monday, August 31st. Weiss Ratings raised shares of Affirm from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Friday, August 28th. Morgan Stanley dropped their price target on shares of Affirm from $82.00 to $79.00 and set an "equal weight" rating for the company in a research note on Monday, October 26th. Barclays raised their price target on shares of Affirm from $97.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, August 28th. Finally, Bank of America lifted their price target on shares of Affirm from $93.00 to $104.00 and gave the company a "buy" rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Affirm has a consensus rating of "Moderate Buy" and a consensus price target of $97.04.

Affirm Price Performance

Affirm stock opened at $69.66 on Friday. The company has a fifty day simple moving average of $72.73 and a 200-day simple moving average of $66.57. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 3.07 and a beta of 3.74. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. Affirm has a 52-week low of $42.10 and a 52-week high of $90.44.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.09. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Affirm's revenue was up 35.2% compared to the same quarter last year. On average, equities analysts anticipate that Affirm will post 1.89 EPS for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, insider Katherine Adkins sold 41,664 shares of Affirm stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total value of $3,146,881.92. Following the completion of the transaction, the insider directly owned 152,439 shares of the company's stock, valued at $11,513,717.67. The trade was a 21.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 79,219 shares of Affirm stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $90.01, for a total value of $7,130,502.19. Following the completion of the transaction, the chief operating officer directly owned 120,713 shares of the company's stock, valued at approximately $10,865,377.13. This represents a 39.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 280,118 shares of company stock valued at $22,223,307. Insiders own 11.01% of the company's stock.

Hedge Funds Weigh In On Affirm

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AFRM. Spyglass Capital Management LLC raised its stake in Affirm by 15.2% during the 1st quarter. Spyglass Capital Management LLC now owns 1,662,325 shares of the company's stock worth $76,168,000 after acquiring an additional 218,745 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Affirm by 23.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,577,264 shares of the company's stock valued at $71,829,000 after acquiring an additional 303,037 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Affirm by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,574,660 shares of the company's stock valued at $72,100,000 after acquiring an additional 166,252 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Affirm in the 2nd quarter valued at about $75,121,000. Finally, Swiss National Bank increased its position in Affirm by 8.8% during the first quarter. Swiss National Bank now owns 806,800 shares of the company's stock worth $36,968,000 after buying an additional 65,000 shares during the period. Hedge funds and other institutional investors own 69.29% of the company's stock.

Key Headlines Impacting Affirm

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm reported fiscal Q1 2027 earnings of $0.47 per share, above the $0.38 analyst consensus and up from $0.23 a year earlier. One report also put revenue at $1.26 billion, ahead of the $1.21 billion estimate. Affirm Q1 earnings and revenues beat estimates
• Positive Sentiment: Citizens JMP reaffirmed its “market outperform” rating and set an $85 price target, implying about 22% upside from the cited $69.66 share price. Citizens JMP recommendations
• Neutral Sentiment: Reports conflict on quarterly revenue: MarketScreener cited $1.26 billion versus a $1.21 billion estimate, while MarketBeat reported $1.15 billion versus the same estimate. The differing figures make the revenue comparison less clear. MarketScreener revenue flash
• Negative Sentiment: Sector-wide weakness is weighing on AFRM alongside other retail-focused fintech stocks, with coverage pointing to bitcoin’s slide and political uncertainty as factors behind the selling. Fintech stocks weighed down by bitcoin and political concerns

Affirm Company Profile

Affirm Holdings, Inc NASDAQ: AFRM operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.

Affirm's platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.

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