Morgan Stanley Gains Conviction On Affirm Post Its TMT Conference

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 AMZN, Walmart 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.