Truist Financial Forecasts Strong Price Appreciation for Affirm (NASDAQ:AFRM) Stock

Affirm (NASDAQ:AFRM) had its target price boosted by equities research analysts at Truist Financial from $71.00 to $75.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 17.59% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Cantor Fitzgerald boosted their target price on shares of Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Robert W. Baird started coverage on shares of Affirm in a research report on Thursday, February 19th. They issued a “neutral” rating and a $55.00 target price for the company. Zacks Research raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research report on Friday, March 27th. Finally, Citigroup reaffirmed a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.76.

Affirm Price Performance

AFRM opened at $63.78 on Friday. The company has a 50-day moving average of $50.56 and a 200-day moving average of $63.58. The company has a market capitalization of $21.25 billion, a P/E ratio of 78.74, a PEG ratio of 4.39 and a beta of 3.63. Affirm has a 1-year low of $42.10 and a 1-year high of $100.00. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company’s revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 EPS. Equities analysts expect that Affirm will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. Following the completion of the sale, the director owned 38,076 shares of the company’s stock, valued at $2,094,180. This represents a 4.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Affirm

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Affirm by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 24,847,206 shares of the company’s stock valued at $1,849,378,000 after acquiring an additional 428,138 shares during the period. Capital Research Global Investors boosted its stake in Affirm by 0.5% during the 4th quarter. Capital Research Global Investors now owns 23,145,942 shares of the company’s stock valued at $1,722,797,000 after purchasing an additional 104,239 shares during the period. Capital World Investors boosted its stake in Affirm by 2.4% during the 4th quarter. Capital World Investors now owns 21,710,914 shares of the company’s stock valued at $1,615,953,000 after purchasing an additional 507,224 shares during the period. Durable Capital Partners LP boosted its stake in Affirm by 12.3% during the 2nd quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock valued at $510,899,000 after purchasing an additional 808,455 shares during the period. Finally, State Street Corp boosted its stake in Affirm by 26.7% during the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company’s stock valued at $412,315,000 after purchasing an additional 1,187,665 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm News Roundup

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Truist raised its price target to $75 and maintained a “buy” rating, signaling incremental analyst confidence and providing upside to the current quote. Truist raises AFRM price target to $75
• Positive Sentiment: BMO Capital Markets upgraded AFRM to “strong-buy,” adding to the positive analyst momentum that can lift sentiment and buying interest. BMO upgrades Affirm to strong-buy
• Positive Sentiment: Cantor Fitzgerald boosted its price target to $80, another upward revision that supports the narrative of meaningful upside from current levels. Cantor Fitzgerald raises AFRM target to $80
• Positive Sentiment: Zacks compares Affirm favorably to American Express, highlighting Affirm’s strong BNPL growth and higher upside potential versus AXP, which can attract growth-focused investors. American Express vs. Affirm: Which Payments Stock Has More Upside?
• Neutral Sentiment: Analysts’ consensus remains mixed-to-positive (average “Moderate Buy”), indicating steady but heterogeneous expectations that can keep trading choppy. Average recommendation: Moderate Buy
• Neutral Sentiment: The Globe and Mail notes mixed analyst opinions on AFRM, underscoring divergent views on growth vs. credit/valuation risk — a reason for continued dispersion in price targets and volatility. Analysts’ Opinions Are Mixed
• Negative Sentiment: AFRM posted a sharp one-day decline recently (down ~5.4% on the cited session), reflecting profit-taking or reaction to the valuation debate and showing shorter-term downside sensitivity. Here’s Why Affirm Fell More Than Broader Market
• Negative Sentiment: An updated fair-value estimate was lowered (to ~$78.93 from $86), signaling some analyst-led valuation reset that can cap upside until growth/credit metrics clearly reaccelerate. Valuation reset for Affirm

About Affirm

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.