FMP
Dec 20, 2023 2:55 PM - Davit Kirakosyan
Image credit: FMP
Mizuho analysts raised their price target for Affirm Holdings (NASDAQ:AFRM) to $65 from $30 while maintaining a Buy rating on the stock.
In a recent investor note, they emphasized the rapid uptake of the "Affirm Card" and the projected 3-4 times increase in card spending for users with direct deposit. This, the analysts suggest, could significantly elevate their medium-term projections.
The analysts also pointed out a potential for surpassing management's ambitious $50 billion medium-term goal, with a "Blue Sky" scenario predicting around $55 billion by 2026.
The analysts anticipate that the focus of discussions around Affirm will shift from its Buy Now, Pay Later (BNPL) services and partnerships like the one with Walmart, towards Affirm's evolution into a comprehensive financial services company, incorporating direct deposits, savings, and more.
This rating change comes as Affirm's shares saw an over 15% increase in a single session following the announcement of an expanded partnership with Walmart.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
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...
May 16, 2024 8:06 PM - Gordon Thompson
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 ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
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...