Morgan Stanley analyst James Faucette reiterated his Overweight rating and $140 price target on Affirm Holdings Inc. The price target implies an upside of 87.5 percent.
Faucette sees significant upside potential for its upcoming quarterly results.
The analyst says the company benefits from meaningful partnerships and new features.
The “encouraging” app downloads data and “broadly healthy e-commerce trends” support this view.
Affirm offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app.
By Anusuya Lahiri
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