Affirm price target raised to $85 from $78 at JMP Securities

JMP Securities analyst David Scharf raised the firm’s price target on Affirm (AFRM) to $85 from $78 and keeps an Outperform rating on the shares. Affirm reported significantly better than expected Q2 results, and the updated fiscal 2025 guidance was raised by modestly more than the Q2 upside, and the analyst tells investors that possibly the most important takeaway from the results is the validation of how profitable the business can be at scale. The firm did not observe anything in the guidance or commentary that signaled any areas of increased caution, and says the company is well-positioned to capitalize on the continued adoption of buy-now-pay-later solutions for everyday purchases.