Affirm Holdings sees bullish sentiment from Wall Street as Goldman Sachs and other major firms raise price targets following a strong fiscal quarter driven by interest-bearing loans and rapid Affirm Card adoption.
Goldman Sachs raised target price to $115 citing strong interest income growth, Affirm Card momentum, and Amazon volume acceleration.
Goldman Sachs has lifted its price target for Affirm Holdings (AFRM) to $115, citing robust interest income growth and accelerating transaction volumes. The fintech firm reported a strong fiscal fourth quarter, bolstered by a 124% surge in Affirm Card GMV and increased penetration across Amazon and other major e-commerce channels.
Goldman Sachs cites strong interest income growth, the rapid adoption of the Affirm Card, and accelerating transaction volumes through the Amazon partnership as key drivers for the company's future performance.