Affirm (AFRM) Surges 6% on BofA Price Target Increase to $104
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowAffirm Holdings (AFRM) shares increased by 6% to $73.82 following Bank of America's raise of its 12-month price target for the company from $93 to $104. The financial advisory firm noted that Affirm’s current gross merchandise volume (GMV) guidance exceeds $64 billion, projecting at least 27% growth from $50.2 billion in fiscal 2026. In its fiscal Q4, Affirm reported GMV growth of 36% to $14.1 billion and an adjusted EPS of $4.62, surpassing estimates of $3.77. This uptick in Affirm's valuation also had a positive influence on peers such as Sezzle (SEZL) and PayPal (PYPL). Investors should note these developments as potential indicators of growth within the buy-now-pay-later sector.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Bank of America Corporation (BAC)
Bank of America is one of the largest U.S. banks, offering consumer banking, wealth management, and investment banking.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
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