Goldman Sachs Raises Affirm Price Target to $115 on Improving Fundamentals

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โดย Insider Monkey·US·Read original
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Goldman Sachs raised its price target on Affirm Holdings to $115 from $106 on September 12, citing improving underlying fundamentals. The hike followed Affirm's fourth-quarter fiscal 2026 results, in which revenues surged 33% to $1.2 billion and operating income rose $89 million to $147 million. Interest income climbed 35% in the quarter, in line with a 33% increase in average net loans held for investment partners, and 80% of Affirm's direct-to-consumer product loans carried interest at quarter-end. Affirm Card active cardholders more than doubled to 5.2 million, driving a 124% increase in Card GMV to $2.8 billion, while management estimated GMV would reach $64 billion in fiscal 2027 with an adjusted operating margin of 30.5%. Wolfe Research analyst Darrin Peller upgraded the stock to Outperform with a $90 price target, though the company continues to face credit-quality and competitive risks as banks, fintechs, retailers and payment networks expand installment-payment offerings.

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Affirm Holdings Inc
AFRM
▲ PositiveCapitalDemandrelevance

Goldman Sachs raised its Affirm price target to $115 and Wolfe Research upgraded the stock to Outperform, both citing improving fundamentals.

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Goldman Sachs Group Inc
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▲ PositiveCapitalrelevance

Goldman Sachs raised its Affirm price target to $115 from $106, an analyst valuation action by the firm itself.

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Wolfe ResearchPrivate▲ Positive
Capitalrelevance

Wolfe Research analyst Darrin Peller upgraded Affirm to Outperform with a $90 price target.

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