Wells Fargo analyst Andrew Bauch upgrades $Affirm Holdings (AFRM.US)$ to a buy rating, and adjusts the target price from $40 to $52.
According to TipRanks data, the analyst has a success rate of 50.5% and a total average return of -0.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Affirm Holdings (AFRM.US)$'s main analysts recently are as follows:
The company has showcased that improved distribution, zero percent promotions, and reduced pricing have the potential to draw in and keep high-income consumers. Consequently, there is an expectation of enhanced future earnings potential due to more attractive offers for affluent spenders and a probable reduction in regulatory risks.
The company has effectively shown its capability to increase its market share in the e-commerce checkout space for the foreseeable future. The anticipation of GAAP profitability for the company is becoming more evident, which renders the valuation of the stock more reasonable. The company is seen as a 'structural winner' that has reached a point where it is considered investable.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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