TD Cowen Cuts Affirm (NASDAQ:AFRM) Price Target to $110.00

Posted by Geri Gentry on Oct 9th, 2026

Affirm (NASDAQ:AFRM – Free Report) had its price target decreased by TD Cowen from $124.00 to $110.00 in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the stock.

AFRM has been the subject of a number of other reports. BMO Capital Markets reissued an “outperform” rating on shares of Affirm in a research note on Wednesday, September 9th. Robert W. Baird lifted their price target on Affirm from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Dbs Bank raised Affirm to a “moderate buy” rating in a report on Wednesday, September 30th. Zacks Research cut Affirm from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Scotiabank began coverage on Affirm in a report on Wednesday, September 2nd. They issued a “sector outperform” rating and a $95.00 target price for the company. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.15.

View Our Latest Research Report on AFRM

Affirm Trading Up 2.4%

Shares of Affirm stock opened at $77.15 on Tuesday. Affirm has a 52-week low of $42.10 and a 52-week high of $90.44. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. The company’s 50-day simple moving average is $73.61 and its 200-day simple moving average is $69.18. The firm has a market cap of $26.03 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 3.08 and a beta of 3.82.

Affirm (NASDAQ:AFRM – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $4.27. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.20 earnings per share. The firm’s revenue was up 33.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Affirm will post 1.87 earnings per share for the current year.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 41,664 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total value of $3,146,881.92. Following the completion of the transaction, the insider directly owned 152,439 shares of the company’s stock, valued at $11,513,717.67. This trade represents a 21.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 79,219 shares of Affirm stock in a transaction on Friday, August 28th. The stock was sold at an average price of $90.01, for a total value of $7,130,502.19. Following the transaction, the chief operating officer directly owned 120,713 shares of the company’s stock, valued at approximately $10,865,377.13. This represents a 39.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 214,527 shares of company stock valued at $16,974,716 in the last quarter. 11.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jericho Capital Asset Management L.P. grew its stake in Affirm by 7.5% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 3,601,248 shares of the company’s stock valued at $268,041,000 after acquiring an additional 251,000 shares during the last quarter. Atreides Management LP lifted its holdings in shares of Affirm by 566.1% in the fourth quarter. Atreides Management LP now owns 1,384,941 shares of the company’s stock valued at $103,081,000 after purchasing an additional 1,177,036 shares in the last quarter. Spyglass Capital Management LLC lifted its holdings in shares of Affirm by 15.2% in the first quarter. Spyglass Capital Management LLC now owns 1,662,325 shares of the company’s stock valued at $76,168,000 after purchasing an additional 218,745 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Affirm in the second quarter valued at approximately $75,121,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Affirm by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,574,660 shares of the company’s stock valued at $72,100,000 after purchasing an additional 166,252 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

About Affirm

(Get Free Report)

Affirm Holdings, Inc (NASDAQ: AFRM) operates a digital commerce and financial services platform that enables consumers to pay for purchases over time. Its point-of-sale financing products allow eligible customers to use installment loans, including both short-term and longer-duration payment options, with terms and costs disclosed before purchase.

Affirm’s services are offered through its merchant partners’ online and in-store checkout experiences, as well as through the Affirm app and website.