Mon Sep 23 22:30:44 UTC 2024: ## Affirm Stock Gets a Boost from Barclays, but Analysts Remain Divided
**San Francisco, CA -** Affirm Holdings, Inc. (NASDAQ: AFRM) saw its stock price target raised by Barclays from $50.00 to $54.00 on Monday, representing a potential upside of 20.89% from its current price. The firm maintained an “overweight” rating for the stock.
The positive outlook from Barclays comes amidst a mixed sentiment from other analysts. Susquehanna initiated coverage with a “positive” rating and a $52.00 target price, while Wedbush downgraded its rating to “underperform,” raising its price target from $20.00 to $25.00. Mizuho reiterated an “outperform” rating with a $65.00 target price, while Needham & Company LLC maintained a “hold” rating, and Royal Bank of Canada increased its price objective to $46.00 from $43.00.
The overall consensus rating on Affirm stock is “Hold,” with an average price target of $35.53.
Affirm’s recent earnings report for the quarter ended August 28th showed a beat on both earnings per share and revenue expectations. The company reported ($0.14) EPS, exceeding analysts’ estimates of ($0.45), and generated $659.19 million in revenue, surpassing expectations of $599.50 million.
However, despite the positive earnings results, recent insider transactions have seen several individuals selling shares of the company.
Institutional investors have shown interest in Affirm, with notable players like Vanguard Group Inc., Capital World Investors, Baillie Gifford & Co., Dragoneer Investment Group LLC, and Norges Bank adjusting their holdings.
Affirm Holdings, Inc. provides a platform for digital and mobile-first commerce, offering point-of-sale payment solutions, merchant commerce solutions, and a consumer-focused app. The company’s platform allows consumers to pay for purchases over time with terms ranging up to 60 months.
Despite the bullish sentiment from Barclays, the overall market sentiment remains cautious, and investors should carefully consider the mixed opinions of analysts before making any investment decisions.
First Piper 