J.P. Morgan analyst Reginald Smith maintains $Affirm Holdings (AFRM.US)$ with a buy rating, and adjusts the target price from $56 to $74.
According to TipRanks data, the analyst has a success rate of 54.8% and a total average return of 9.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Affirm Holdings (AFRM.US)$'s main analysts recently are as follows:
Since the election, the median payment technology stock has shown an 18% increase. Stocks characterized by higher beta growth and pro-cyclical exposure have outperformed notably. Fintech companies are perceived as net beneficiaries of a stronger economic environment and inflation, alongside potential policy shifts by the new administration. Nevertheless, given the elevated valuations and the uncertain pace of fundamental improvements, a more selective approach is advised.
Looking ahead to 2025, it is anticipated that a decrease in benchmark rates, alongside an improved third-party funding landscape, will contribute to higher loan origination volumes and enhanced margins for financial technology lenders. Analysts view certain industry leaders as fundamental holdings due to their sustained revenue growth and transaction volumes, which are remaining robust or surpassing levels seen during the pandemic, thus opposing wider e-commerce trends.
Note:
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