Analysts Bump Up Price Targets on Affirm Post Q1 Top-Line Beat, Amazon Deal

Analysts Bump Up Price Targets on Affirm Post Q1 Top-Line Beat, Amazon Deal
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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.