Deutsche Bank analyst Bryan Keane raised the firm’s price target on Affirm (AFRM) to $75 from $45 and keeps a Hold rating on the shares after meeting with management. The company is seeing strength in spending on travel and consumer electronics, the analyst tells investors in a research note. The firm says management noted that Affirm continues to grow much faster than e-commerce at large, while still benefiting from the general acceleration versus offline commerce.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFRM:
- Affirm (AFRM) Rallies after $4B Financing Deal with Sixth Street
- Broadcom tops $1T market cap on AI enthusiasm: Morning Buzz
- Affirm announces $4B investment from Sixth Street
- Affirm price target raised to $81 from $68 at BTIG
- Holiday season off to ‘healthy start’ with strong Black Friday-Cyber Monday