Truist Reaffirms Affirm Buy Rating Amid UK Expansion Plans
Truist Securities has reaffirmed its Buy rating on Affirm Holdings () stock with a price target of $85.00, citing the company's expanding partnership with Amazon into the UK market.
The shares are currently trading at $68.49, with analyst targets ranging from $66 to $124, according to InvestingPro data. Truist noted that many investors missed the announcement amidst recent interest rate movements affecting the Financials sector and the launch of Meta Muse.
Affirm remains a 'catalyst-rich' stock, despite its 2026 Investor Forum having concluded, with five analysts revising their earnings upwards for the upcoming period. The research firm identified top catalysts for the company over the next twelve months, including its recent pullback creating an attractive entry point.
Truist also highlighted Affirm's robust funding outlook, following a $750 million asset-backed securities transaction. Additionally, other analysts such as Citizens and BMO Capital have reiterated their Market Outperform ratings on Affirm, citing improved volume and operating margins.