Analysts at Deutsche Bank provided their outlook on Affirm Holdings, Inc. (NASDAQ:AFRM) upcoming (Nov 10) Q2 earnings results, expecting the company to deliver a quarterly revenue of $249 million (up 43% year-over-year).

However, given the strong core momentum and ramping SHOP partnership, the analysts see a scenario where the company could drive GPV growth as high as around 92% year-over-year (151% year-over-year excluding PTON) in the Q2, including an estimated ~12ppts of growth from SHOP. In addition, they see the potential for GMV to grow around 79% year-over-year (107% excluding PTON) in FY22. The brokerage also expects core strength from the expansion of existing accounts as well as from travel improving, including new wins ramping up, and new products such as the AFRM debit card. As a result, the analysts increased their price target on the company’s shares to $170 from $105, maintaining their hold rating.