Wolfe Research Upgrades Affirm Stock to 'Outperform' with $90 Price Target
Affirm (AFRM) stock is rising on September 14 following an upgrade from Wolfe Research analyst Darrin Peller, who raised the firm's rating to 'Outperform' and set a price target of $90. This represents potential upside for investors as AFRM shares trade at around $70 currently. The move comes after Affirm reported strong Q4 financial results and provided optimistic guidance, including an expected GMV increase to about $64 billion in fiscal 2027. Peller highlighted the company's attractive risk-reward profile compared to rivals like Klarna (KLAR), noting AFRM’s forward P/S ratio of approximately 38x versus KLAR’s lack of sustainable profitability. Additionally, Affirm is positioned as a long-term leader in point-of-sale financing due to its expanding merchant partnerships and strong credit underwriting capabilities. The broader market consensus on Affirm remains positive with a
Topics: Affirm BNPL sector stock upgrade Wolfe Research