RBC Capital Reiterates Sector Perform Rating on Affirm Holdings Inc. (AFRM)

May 24, 2024 6:16 AM EDT
Get Alerts AFRM Hot Sheet
Price: $75.91 +1.15%

Rating Summary:
    29 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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RBC Capital analyst Daniel Perlin reiterated a Sector Perform rating and $43.00 price target on Affirm Holdings Inc. (NASDAQ: AFRM).

The analyst comments "We hosted investor meetings with Affirm’s Chief Revenue Officer and Head of IR and investors, which focused on the sustainability of growth, the Affirm Card, the regulatory environment, and the company’s drive toward profitability. Given the recent sell-off in BNPL shares, we lower our downside valuation to $25 from $30 or ~3x our downside CY25 revenue estimate of $2.69B (10% below our current estimate and a half-point reduction in multiple)."

For an analyst ratings summary and ratings history on Affirm Holdings Inc. click here. For more ratings news on Affirm Holdings Inc. click here.

Shares of Affirm Holdings Inc. closed at $29.68 yesterday.



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