Affirm price target raised to $62 from $46 at UBS

UBS analyst Timothy Chiodo raised the firm’s price target on Affirm (AFRM) to $62 from $46 and keeps a Neutral rating on the shares. Affirm’s quarter was again impressive with beats vs. the Street on three of its most important metrics, the analyst tells investors in a research note. UBS considers Affirm to be a leader in buy-now-pay-later, in part driven by its range and flexible model, both in terms of loan size and in business model, and Affirm remains well-positioned with many of the most important eCommerce platforms and retailers in the U.S. and the firm continues to see areas of strength and potential upside via new products and partnerships.