Affirm Holdings Inc. (AFRM) NDR Highlights a New Product Ahead of the Coming Analyst Day - BofA Securities

BofA Securities analyst Jason Kupferberg reiterated a Buy rating and $119.00 price target on Affirm Holdings Inc. (NASDAQ: AFRM) after hosting a series of virtual investor calls with CFO, Michael Linford. The key takeaway was the coming Debit+ card which will likely take the spotlight at the 9/28 analyst day.

The analyst stated "Investors were also highly curious about the soon-to-be launched Debit+ Card, which management sounded quite upbeat about from both a revenue and engagement standpoint. We believe the card will connect to consumers’ existing checking accounts and offer users the flexibility to turn any purchase into a BNPL transaction. We expect the card will run on V/MA rails and will provide an opportunity for AFRM to increase its penetration of in-store, everyday spending. The company will provide more details on the product during the 9/28 Analyst Day, which could be the next catalyst for shares."

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 $117.58 yesterday.

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