Morgan Stanley Gains Conviction On Affirm Post Its TMT Conference

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  • Affirm Holdings Inc AFRM CEO Max Levchin, and CFO Michael Linford joined the firm's TMT Conference, Morgan Stanley analyst James Faucette noted.
  • Affirm's partnerships with Amazon.com Inc AMZNWalmart Inc WMT, and Shopify Inc SHOP supported his view that these partnerships can bring meaningful upside to GMV and revenue.
  • Faucette also gained conviction on Affirm's long-term demographic opportunity within financial services and strong consumer traction. 
  • Faucette has an Overweight rating and a $140 price target (298.4% upside) on Affirm shares.
  • Price Action: AFRM shares traded lower by 4.05% at $35.31 on the last check Thursday.
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AFRMAffirm Holdings Inc
$47.15-3.40%

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