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Wells Fargo Sticks to Its Buy Rating for Affirm Holdings (AFRM)

Tipranks - Tipranks - Sat Feb 21, 5:56AM CST

In a report released yesterday, Jason Kupferberg from Wells Fargo maintained a Buy rating on Affirm Holdings, with a price target of $89.00. The company’s shares closed yesterday at $51.82.

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According to TipRanks, Kupferberg is an analyst with an average return of -6.0% and a 46.41% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Accenture, and Cognizant.

In addition to Wells Fargo, Affirm Holdings also received a Buy from William Blair’s Andrew Jeffrey in a report issued yesterday. However, on the same day, Robert W. Baird initiated coverage with a Hold rating on Affirm Holdings (NASDAQ: AFRM).

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Based on Affirm Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.12 billion and a net profit of $129.59 million. In comparison, last year the company earned a revenue of $866.38 million and had a net profit of $80.36 million

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