Affirm (NASDAQ:AFRM) Given New $80.00 Price Target at JPMorgan Chase & Co.

Affirm (NASDAQ:AFRM) had its price target raised by JPMorgan Chase & Co. from $79.00 to $80.00 in a research report sent to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC upped their price objective on shares of Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial upped their price target on Affirm from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, April 24th. UBS Group set a $78.00 price target on shares of Affirm in a research report on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of Affirm in a report on Friday, February 6th. Finally, Robert W. Baird set a $70.00 price objective on Affirm in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.28.

Affirm Stock Performance

Shares of AFRM stock opened at $64.01 on Friday. The firm has a market capitalization of $21.32 billion, a PE ratio of 58.19, a price-to-earnings-growth ratio of 4.71 and a beta of 3.72. The firm has a fifty day simple moving average of $52.66 and a two-hundred day simple moving average of $63.16. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. Affirm has a 12 month low of $42.10 and a 12 month high of $100.00.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. The firm had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.57%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period last year, the firm earned $0.01 earnings per share. Analysts forecast that Affirm will post 1.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $55.00, for a total transaction of $110,000.00. Following the transaction, the director directly owned 38,076 shares in the company, valued at approximately $2,094,180. This represents a 4.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Institutional Trading of Affirm

Several hedge funds and other institutional investors have recently bought and sold shares of AFRM. Vanguard Group Inc. lifted its holdings in shares of Affirm by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 24,847,206 shares of the company’s stock worth $1,849,378,000 after acquiring an additional 428,138 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Affirm by 0.5% during the 4th quarter. Capital Research Global Investors now owns 23,145,942 shares of the company’s stock valued at $1,722,797,000 after purchasing an additional 104,239 shares during the last quarter. Capital World Investors raised its position in Affirm by 2.4% in the 4th quarter. Capital World Investors now owns 21,710,914 shares of the company’s stock worth $1,615,953,000 after purchasing an additional 507,224 shares during the period. Durable Capital Partners LP lifted its stake in Affirm by 12.3% in the second quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock worth $510,899,000 after purchasing an additional 808,455 shares during the last quarter. Finally, State Street Corp boosted its position in Affirm by 26.7% during the third quarter. State Street Corp now owns 5,641,965 shares of the company’s stock valued at $412,315,000 after buying an additional 1,187,665 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm News Summary

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm beat fiscal Q3 estimates, reporting $0.30 EPS versus $0.17 expected, while revenue rose 32.7% year over year, signaling stronger profitability and continued top-line growth. Affirm Holdings (AFRM) Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company said gross merchandise volume jumped 35% and transactions climbed 45%, which points to healthier platform usage and stronger consumer demand. Affirm Q3 Earnings Beat on Strong GMV Growth & Higher Transactions
• Positive Sentiment: Affirm raised fiscal 2026 guidance after the earnings beat, reinforcing confidence that growth can continue into the next year. Affirm reports third fiscal quarter 2026 results
• Positive Sentiment: Several Wall Street firms lifted price targets after the results, including JPMorgan to $80, RBC to $80, Stephens to $75, and Needham to $90, suggesting analysts see additional upside. JPMorgan, RBC, Stephens and Needham analyst updates

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.