Navigating Affirm Holdings' FY26 Outlook Amid Walmart Exclusivity Loss and Growth Drivers

Morgan Stanley analyst James Faucette maintains a Hold rating on Affirm Holdings, citing the company's FY26 outlook and potential headwinds from the loss of exclusivity with Walmart. However, Faucette notes that Affirm still has several underappreciated growth drivers that could sustain its growth trajectory. Despite potential competition from Synchrony on Amazon, Affirm's credit performance remains solid, supporting the Hold rating. RBC Capital also maintains a Hold rating with a $75.00 price target.

Morgan Stanley analyst James Faucette maintained a Hold rating on Affirm Holdings (AFRM), citing concerns over the company's FY26 outlook and potential headwinds from the loss of exclusivity with Walmart. Despite this, Faucette noted several underappreciated growth drivers that could sustain Affirm's growth trajectory [1].

The analyst highlighted that Affirm's recent GMV growth has been strong, but the future performance will depend on how the company navigates these challenges. Faucette also mentioned that while Affirm's credit performance remains solid, the loss of exclusivity with Walmart could impact its GMV and Active Online Installment (AOI) [1].

Additionally, RBC Capital also maintains a Hold rating on Affirm Holdings with a $75.00 price target [2]. The analyst noted that while Affirm has several growth drivers, the potential competition from Synchrony on Amazon could pose a challenge. However, the solid credit performance of Affirm supports the Hold rating [2].

Investors should closely monitor Affirm Holdings' earnings report and subsequent analyst reactions to gauge the market's response to the company's FY26 outlook and growth trajectory.

References:
[1] https://finance.yahoo.com/news/countdown-affirm-holdings-afrm-q4-131503607.html
[2] https://www.tipranks.com/news/ratings/affirm-holdings-navigating-fy26-outlook-amid-walmart-exclusivity-loss-and-growth-drivers-ratings