Affirm Holdings sees bullish sentiment from Goldman Sachs and Wolfe Research as revenue surges 33% and the company scales its interest-bearing loan portfolio and card adoption.
Goldman Sachs raised its price target and Wolfe Research upgraded the stock, while strong revenue growth and expanding interest income support a bullish outlook.
Affirm Holdings shares are gaining traction following a strong fiscal fourth quarter and bullish analyst revisions. Goldman Sachs raised its price target to $115, citing robust interest income growth and the rapid expansion of the Affirm Card, which now boasts 5.2 million active users.
The company faces risks from potential deterioration in credit quality, rising loan losses, and intense competition in the point-of-sale financing space from banks and payment networks.