Affirm Holdings (AFRM – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Andrew Bauch from Wells Fargo maintained a Buy rating on the stock and has a $70.00 price target.
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Andrew Bauch’s rating is based on Affirm Holdings’ impressive financial performance in the second quarter, which exceeded expectations on both the top and bottom lines. The company reported a significant year-over-year growth in Gross Merchandise Volume (GMV) and revenue, surpassing both Wells Fargo’s and the Street’s estimates. This positive momentum is reflected in the increased guidance for the full fiscal year 2025.
Additionally, Affirm’s robust performance was highlighted by a substantial rise in active cardholders and strong contributions from the Affirm Card. Management’s optimistic guidance for the upcoming quarter and fiscal year, particularly in terms of GMV and adjusted operating income margins, further supports the Buy rating. These factors indicate Affirm’s potential for continued growth and profitability, justifying the positive outlook by Andrew Bauch.
According to TipRanks, Bauch is a 3-star analyst with an average return of 3.4% and a 52.50% success rate. Bauch covers the Technology sector, focusing on stocks such as Affirm Holdings, Corpay Inc, and Shift4 Payments.
In another report released today, Mizuho Securities also maintained a Buy rating on the stock with a $84.00 price target.