Affirm Holdings (AFRM) is a fintech company that lets consumers buy products and services now and pay for them over time through its Buy Now, Pay Later (BNPL) platform. Recently, it reported another strong quarter, prompting Goldman Sachs (GS) to increase the stock’s target price from $106 to $115. The bank is optimistic, citing robust growth in Affirm's interest-bearing loans, the continuous development of Affirm Card, the Shopify relationship in Australia, and accelerating volumes at Amazon.
AFRM stock is down 7.9% year-to-date, but the price target implies a potential upside of 69%. However, it will need more than one robust quarter for the stock to hit this bullish target.
