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Benzinga
Benzinga
Business
Anusuya Lahiri

Here's Why Morgan Stanley Sees Sharp Upside In This IT Company

Morgan Stanley AFRM Affirm James Faucette Affirm Holdings Inc
  • Morgan Stanley analyst James Faucette reiterated his Overweight rating and $140 price target on Affirm Holdings Inc (NASDAQ:AFRM). The price target implies an upside of 87.5%.
  • 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.
  • Price Action: AFRM shares traded higher by 1.81% at $76.03 in the premarket session on the last check Thursday.
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