Truist Financial Boosts Affirm (NASDAQ:AFRM) Price Target to $95.00

Affirm (NASDAQ:AFRM) had its price objective raised by Truist Financial from $72.00 to $95.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 14.35% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Redburn Atlantic upgraded Affirm to a “hold” rating in a report on Friday, August 1st. Morgan Stanley set a $90.00 target price on shares of Affirm in a research note on Friday, August 29th. Citigroup restated an “outperform” rating on shares of Affirm in a report on Friday, August 29th. Evercore ISI upped their price objective on shares of Affirm from $67.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Royal Bank Of Canada increased their price objective on shares of Affirm from $75.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.04.

Affirm Stock Performance

Shares of AFRM opened at $83.08 on Friday. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The firm’s fifty day simple moving average is $74.89 and its two-hundred day simple moving average is $60.01. Affirm has a 12 month low of $30.90 and a 12 month high of $100.00. The stock has a market capitalization of $27.06 billion, a P/E ratio of 639.13, a price-to-earnings-growth ratio of 5.29 and a beta of 3.64.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share (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 company had revenue of $876.42 million for the quarter, compared to the consensus estimate of $834.94 million. During the same period in the previous year, the business earned ($0.14) EPS. The firm’s revenue was up 32.9% compared to the same quarter last year. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, analysts predict that Affirm will post -0.18 EPS for the current year.

Insider Buying and Selling

In related news, CEO Max R. Levchin sold 499,223 shares of Affirm stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Linford sold 184,200 shares of Affirm stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $80.09, for a total transaction of $14,752,578.00. Following the transaction, the chief operating officer directly owned 109,840 shares in the company, valued at $8,797,085.60. This represents a 62.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,260,497 shares of company stock valued at $101,241,354. 11.82% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in Affirm by 140.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock valued at $205,350,000 after acquiring an additional 2,657,074 shares during the last quarter. Norges Bank bought a new stake in shares of Affirm in the 2nd quarter worth approximately $183,475,000. Atreides Management LP lifted its stake in Affirm by 543.3% in the second quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock valued at $136,751,000 after purchasing an additional 1,670,429 shares during the last quarter. Vanguard Group Inc. grew its holdings in Affirm by 6.7% during the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock valued at $1,051,707,000 after purchasing an additional 1,457,434 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in Affirm in the fourth quarter worth $76,738,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

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.