Affirm (NASDAQ:AFRM) Stock Price Expected to Rise, Mizuho Analyst Says

Affirm (NASDAQ:AFRM) had its price target lifted by analysts at Mizuho from $95.00 to $100.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 51.93% from the stock’s current price.

AFRM has been the topic of several other research reports. UBS Group raised their price objective on Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. BMO Capital Markets began coverage on Affirm in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 price objective on the stock. The Goldman Sachs Group downgraded Affirm from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Compass Point reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Affirm in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada lifted their target price on Affirm from $77.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Affirm Trading Down 2.6%

NASDAQ AFRM opened at $65.82 on Thursday. Affirm has a 12 month low of $42.10 and a 12 month high of $100.00. The stock has a market cap of $22.04 billion, a P/E ratio of 59.84, a P/E/G ratio of 4.28 and a beta of 3.72. The stock’s fifty day moving average price is $54.70 and its 200-day moving average price is $62.88. The company has a current ratio of 11.32, a quick ratio of 11.41 and a debt-to-equity ratio of 2.39.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. During the same period last year, the firm posted $0.01 earnings per share. Affirm’s revenue was up 32.7% compared to the same quarter last year. As a group, equities analysts forecast that Affirm will post 1.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the transaction, the director directly owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. The trade was a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. purchased a new position in Affirm during the third quarter worth approximately $19,077,000. Resona Asset Management Co. Ltd. purchased a new position in Affirm during the third quarter worth approximately $6,036,000. Envestnet Asset Management Inc. boosted its position in Affirm by 26.1% during the third quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock worth $17,185,000 after purchasing an additional 48,734 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in Affirm during the third quarter worth approximately $7,673,000. Finally, SBI Securities Co. Ltd. boosted its position in Affirm by 83.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock worth $3,610,000 after purchasing an additional 22,054 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Affirm

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Mizuho raised its price target on Affirm to $100 from $95 and kept an Outperform rating, citing the company’s $100 billion gross merchandise volume goal and strong long-term growth outlook. Mizuho Hikes Affirm Price Target to $100 as $100 Billion GMV Goal Powers Bull Case
• Positive Sentiment: Several recent analyst notes and media reports highlighted bullish views on Affirm, reinforcing expectations for continued execution and growth in the BNPL market. Analysts Are Bullish on These Financial Stocks: Affirm Holdings (AFRM), Figure Technology Solutions, Inc. Class A (FIGR)
• Positive Sentiment: Jim Cramer said Affirm is “doing the right thing with AI,” adding to the bullish narrative around its product strategy and AI-related commerce opportunities. Affirm (AFRM) Is Doing The Right Thing With AI, Says Jim Cramer
• Positive Sentiment: Coverage of Affirm’s partnership with Google and its push into AI-enabled shopping suggests a potential path to broader adoption and more payment volume over time. Can Affirm and Google Simplify Payments in AI Shopping?
• Neutral Sentiment: Affirm’s investor day laid out an aggressive expansion plan, including new products and international growth, but the market reaction was mixed. Affirm Unveils Aggressive Expansion Blueprint
• Negative Sentiment: Director Noel Bertram Watson sold 2,000 shares in a pre-arranged 10b5-1 transaction, which can slightly weigh on sentiment even though it does not necessarily signal a change in fundamentals. Insider trade disclosure for Noel Bertram Watson

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.