Truist Securities maintains Buy on Affirm Holdings, raises PT to $95.

Truist Securities maintains Buy on Affirm Holdings, raises PT to $95.

Truist Securities has maintained its Buy rating on Affirm Holdings, Inc. (NASDAQ: AFRM) while raising its price target to $95, according to a recent report Panoramic Capital LLC Takes $685,000 Position in Affirm Holdings, Inc. $AFRM^[1]. This decision comes amidst a positive outlook on the company's financial performance and growth prospects.

The latest earnings report from Affirm Holdings showed a strong quarter, with earnings per share (EPS) of $0.20, exceeding the consensus estimate of $0.11. Revenue increased by 32.9% year-over-year to $876.42 million, indicating robust growth in the company's operations. Additionally, analysts have shown optimism for Affirm, with Truist Financial raising its price target from $58 to $72 and Jefferies Financial Group increasing theirs from $82 to $95 Panoramic Capital LLC Takes $685,000 Position in Affirm Holdings, Inc. $AFRM^[1].

Several institutional investors have also increased their stakes in Affirm Holdings. Panoramic Capital LLC purchased 15,158 shares valued at approximately $685,000, while Allworth Financial LP boosted its position by 63.7% in the first quarter. Other investors such as SVB Wealth LLC, CoreCap Advisors LLC, and Thurston Springer Miller Herd & Titak Inc. have also made significant investments in the company Panoramic Capital LLC Takes $685,000 Position in Affirm Holdings, Inc. $AFRM^[1].

Despite the positive developments, insiders have sold a substantial amount of Affirm stock. CEO Max R. Levchin sold 499,223 shares, and CFO Robert O'hare sold 31,423 shares, totaling 1,260,497 shares sold over the last 90 days Panoramic Capital LLC Takes $685,000 Position in Affirm Holdings, Inc. $AFRM^[1].

Affirm's stock has seen mixed performance in recent trading, with shares trading down $3.55 during mid-day trading on Wednesday, reaching $84.87. The company's 52-week low is $30.90, and its 52-week high is $100.00 Panoramic Capital LLC Takes $685,000 Position in Affirm Holdings, Inc. $AFRM^[1].

Analysts from various firms have provided a range of ratings and price targets for Affirm Holdings. According to TipRanks, the company has an average rating of "Moderate Buy" and an average price target of $91.40 Affirm Holdings (AFRM) Stock Forecast & Price Target^[2]. The highest price target is $115.00, while the lowest is $74.00.

Truist Securities' decision to maintain its Buy rating and raise its price target reflects the ongoing optimism for Affirm Holdings' growth prospects and strong financial performance. Investors should closely monitor the company's future earnings reports and analyst coverage to stay informed about potential changes in the stock's valuation.