Raymond James Starts Affirm Holdings Inc. (AFRM) at Outperform

February 8, 2021 6:23 AM EST
Get Alerts AFRM Hot Sheet
Price: $69.00 +0.55%

Rating Summary:
    7 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 10 | New: 71
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Raymond James analyst Aaron Kessler initiates coverage on Affirm Holdings Inc. (NASDAQ: AFRM) with a Outperform rating and a price target of $83.00.

The analyst comments "Our positive fundamental view is based on: 1) a Large TAM that benefits from convergence of eCommerce, Social, and Resale themes; 2) Poshmark is a leader in social commerce with large and highly engaged user base; 3) our expectation of ~20% long-term growth, driven by continued growth of active users and existing cohorts, new product categories, international, and enterprise seller services; and 4) the company’s asset-light model, which should lead to 30-35% long-term EBITDA margins."

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 $104.50 yesterday.

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Raymond James, Aaron Kessler