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Truist Financial Sticks to Their Buy Rating for Affirm Holdings (AFRM)

Tipranks - Tipranks - Mon Feb 23, 8:36PM CST

In a report released on February 20, Matthew Coad from Truist Financial maintained a Buy rating on Affirm Holdings, with a price target of $71.00. The company’s shares closed last Friday at $51.09.

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Coad covers the Technology sector, focusing on stocks such as Bill.com Holdings, Affirm Holdings, and Block. According to TipRanks, Coad has an average return of -9.7% and a 30.00% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Affirm Holdings with a $85.53 average price target, which is a 67.41% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $57.00 price target.

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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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