FMP

FMP

Enter

Affirm Holdings Inc. (NASDAQ:AFRM) Receives Bullish Price Target from Barclays

- (Last modified: Sep 24, 2024 7:09 AM)

twitterlinkedinfacebook
blog post cover photo

Image credit: Google Images

  • Barclays analyst Ramsey El-Assal has increased the price target for Affirm Holdings Inc. (NASDAQ:AFRM) to $54, indicating a potential upside of approximately 20.89%.
  • Mizuho analysts have assigned Affirm an Outperform rating with an even higher price target of $65, reflecting optimism about the impact of lower interest rates on the company's business model.
  • Despite a slight decrease of 0.58% in its stock price, Affirm's significant market capitalization and trading volume highlight its prominence in the fintech industry.

On Monday, September 23, 2024, Barclays analyst Ramsey El-Assal set a new price target for Affirm Holdings Inc. (NASDAQ:AFRM) at $54, up from its previous target, indicating a bullish stance on the stock with a potential upside of approximately 20.89% from its current trading price of $44.67. This adjustment reflects a growing confidence in Affirm's market position and future performance. Affirm, known for its "buy now, pay later" services, competes in a rapidly evolving fintech space, offering flexible payment solutions to consumers.

The optimism surrounding Affirm is not isolated to Barclays. Mizuho analysts have also expressed a positive outlook on the company, assigning it an Outperform rating with a price target of $65. This higher target suggests an even more bullish view on Affirm's potential, especially considering the benefits that lower interest rates could provide to its business model. Lower rates can reduce borrowing costs for companies like Affirm, potentially increasing their profitability and attractiveness to investors.

Despite these optimistic projections, Affirm's stock has seen a slight decrease of 0.58%, trading at $44.67. The stock's movement within the day ranged from a low of $44.63 to a high of $46.04, indicating some volatility. Over the past year, Affirm's shares have fluctuated significantly, with a low of $15.97 and a high of $52.48, showcasing the stock's potential for wide swings in price.

The company's market capitalization stands at approximately $13.9 billion, with a trading volume of about 7.35 million shares. This level of activity and valuation in the market underscores Affirm's significant presence in the fintech industry, despite the day-to-day fluctuations in its stock price. The interest from major financial analysts like those from Barclays and Mizuho highlights the potential they see in Affirm's business model and its ability to capitalize on the growing trend of flexible consumer financing.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 16, 2024 8:06 PM - Gordon Thompson

Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges

On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep