JPMorgan raised the firm’s price target on Affirm (AFRM) to $56 from $47 and keeps an Overweight rating on the shares post the fiscal Q1 report. The company’s revenue and gross merchandise volume growth came in comfortably ahead of Street estimates, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFRM:
- Affirm Holdings Reports Strong Q1 Earnings and Growth
- Affirm Holdings Reports Strong Growth Amid Leadership Changes
- Affirm reports Q1 EPS (31c), consensus (35c)
- Affirm Holdings options imply 13.4% move in share price post-earnings
- SoFi Technologies (SOFI) Stock Seen Benefitting from U.S. Deregulation