Mizuho Bank analyst Dan Dolev will$Affirm Holdings (AFRM.US) $The target price fell from $79 to $50 and maintained its buy rating on the stock.

After a sharp drop in stock valuations, the second half of 2022 could be "a boon" for several companies in financial technology, Dolev told investors in a research note. The analyst believes that the payment industry is very attractive in the second half of this year, and that if the economic situation remains the same, the growth rate for three consecutive years will accelerate again, which could lead to a positive stock response for many companies in the industry.

It is reported that after US stocks closed on Thursday, Affirm Holdings reported third-quarter results for fiscal 2022, with revenue of $355 million, up 54% from $231 million in the same period last year, while net loss narrowed to $55 million, compared with a loss of $287 million in the same period last year.