Analysts hailed Affirm Holdings Inc.’s quarterly results and the Amazon.com Inc. deal by raising their price targets. Barclays analyst Ramsey El-Assal notes Affirm reported a “strong” fiscal Q1 beat and raise. Still, the more critical headline is announcing an exclusive partnership with Amazon, where Affirm will now be the sole buy now pay later provider on U.S. purchases through 2023. The analyst says the deal is not fully reflected in Affirm’s outlook and “could represent nice medium-term upside.” He maintained an Overweight rating on the shares with a $175 price target. RBC Capital analyst Daniel Perlin raised the price target to $175 from $130 (suggesting a 16 percent upside) and reiterated an Outperform. The analyst cites its “strong” Q3 results and outlook, highlighting growth beyond Peloton Interactive Inc. as some of its other large clients ramp up activity. Perlin is also optimistic about Affirm’s new expanded relationship with Amazon, allowing …
Analysts Bump Up Price Targets on Affirm Post Q1 Top-Line Beat, Amazon Deal
November 12, 2021
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