Truist Reaffirms Buy Rating on Affirm as UK Expansion Boosts Growth Prospects

Truist Securities has reaffirmed its Buy rating on Affirm Holdings (AFIG) stock, keeping its price target at $85.00.

This comes after Affirm and Amazon expanded their partnership into the UK market, which some investors may have overlooked amidst recent developments in the Financials sector.

Truist notes that a higher short end and flatter yield curve is generally viewed negatively for financial services companies like Affirm. However, the research firm believes this creates an attractive entry point for the stock.

Affirm's shares currently trade at $68.49, with analyst targets ranging from $66 to $124.