Affirm (NASDAQ:AFRM) Given New $98.00 Price Target at Bank of America

Affirm (NASDAQ:AFRM) had its price objective hoisted by Bank of America from $94.00 to $98.00 in a research note released on Friday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on AFRM. Jefferies Financial Group boosted their target price on Affirm from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Affirm in a research report on Thursday, July 17th. They issued a “buy” rating and a $78.00 price target on the stock. Citigroup raised shares of Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. JMP Securities increased their target price on shares of Affirm from $75.00 to $105.00 and gave the company a “market outperform” rating in a research note on Friday, August 29th. Finally, Rothschild & Co Redburn upgraded Affirm from a “neutral” rating to a “buy” rating and boosted their price target for the company from $74.00 to $101.00 in a research note on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and an average price target of $86.78.

Affirm Stock Up 11.6%

NASDAQ:AFRM traded up $7.66 during trading hours on Friday, reaching $73.62. The company’s stock had a trading volume of 16,341,703 shares, compared to its average volume of 5,280,319. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. The company has a market cap of $23.97 billion, a price-to-earnings ratio of 109.88, a price-to-earnings-growth ratio of 4.25 and a beta of 3.57. Affirm has a one year low of $30.90 and a one year high of $100.00. The business’s 50-day moving average is $78.31 and its 200-day moving average is $68.26.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. Affirm had a return on equity of 8.01% and a net margin of 6.74%.The company had revenue of $933.34 million for the quarter, compared to analyst estimates of $881.83 million. During the same period last year, the company earned ($0.31) earnings per share. The business’s revenue was up 33.6% compared to the same quarter last year. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts predict that Affirm will post -0.18 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 77,800 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $80.09, for a total transaction of $6,231,002.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Siphelele Jiyane sold 25,533 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $90.71, for a total value of $2,316,098.43. Following the completion of the transaction, the chief accounting officer owned 226,467 shares in the company, valued at $20,542,821.57. The trade was a 10.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,761,596 shares of company stock valued at $148,662,354 over the last three months. Company insiders own 11.01% of the company’s stock.

Institutional Trading of Affirm

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Yousif Capital Management LLC grew its position in shares of Affirm by 5.1% during the 3rd quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock worth $237,000 after buying an additional 158 shares during the period. Farther Finance Advisors LLC grew its holdings in Affirm by 13.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $108,000 after acquiring an additional 171 shares during the period. Assetmark Inc. raised its position in shares of Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after acquiring an additional 178 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in Affirm by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company’s stock valued at $2,219,000 after buying an additional 200 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Affirm by 4.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock valued at $354,000 after acquiring an additional 206 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.