Needham & Company LLC Issues Positive Forecast for Affirm (NASDAQ:AFRM) Stock Price

Affirm (NASDAQ:AFRM) had its target price lifted by Needham & Company LLC from $85.00 to $90.00 in a research note published on Friday morning, MarketBeat reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Robert W. Baird initiated coverage on Affirm in a report on Thursday, February 19th. They set a “neutral” rating and a $55.00 target price on the stock. Truist Financial raised their price objective on Affirm from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, April 24th. TD Cowen restated a “buy” rating on shares of Affirm in a report on Friday, February 6th. Stephens decreased their target price on Affirm from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Finally, Bank of America began coverage on Affirm in a report on Thursday, March 5th. They set a “buy” rating and a $82.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Affirm has a consensus rating of “Moderate Buy” and a consensus target price of $85.28.

Affirm Stock Performance

AFRM stock opened at $64.01 on Friday. The company has a quick ratio of 11.41, a current ratio of 11.41 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $21.32 billion, a price-to-earnings ratio of 58.19, a P/E/G ratio of 4.71 and a beta of 3.72. Affirm has a 12 month low of $42.10 and a 12 month high of $100.00. The firm has a 50 day moving average of $52.66 and a two-hundred day moving average of $63.16.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.57%. The business had revenue of $943.95 million for the quarter, compared to the consensus estimate of $995.27 million. During the same quarter last year, the firm earned $0.01 EPS. Affirm’s revenue for the quarter was up 32.7% on a year-over-year basis. As a group, equities analysts anticipate that Affirm will post 1.08 EPS for the current fiscal year.

Insider Activity at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. Following the completion of the transaction, the director directly owned 38,076 shares in the company, valued at $2,094,180. This represents a 4.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AFRM. Assetmark Inc. lifted its stake in shares of Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the period. Greenline Wealth Management LLC acquired a new stake in shares of Affirm during the 4th quarter worth approximately $26,000. Triumph Capital Management bought a new stake in shares of Affirm during the third quarter valued at approximately $31,000. CoreCap Advisors LLC increased its position in shares of Affirm by 431.3% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after purchasing an additional 358 shares during the period. Finally, Strive Financial Group LLC acquired a new position in shares of Affirm in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Key Stories Impacting Affirm

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm beat fiscal Q3 estimates, reporting $0.30 EPS versus $0.17 expected, while revenue rose 32.7% year over year, signaling stronger profitability and continued top-line growth. Affirm Holdings (AFRM) Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company said gross merchandise volume jumped 35% and transactions climbed 45%, which points to healthier platform usage and stronger consumer demand. Affirm Q3 Earnings Beat on Strong GMV Growth & Higher Transactions
• Positive Sentiment: Affirm raised fiscal 2026 guidance after the earnings beat, reinforcing confidence that growth can continue into the next year. Affirm reports third fiscal quarter 2026 results
• Positive Sentiment: Several Wall Street firms lifted price targets after the results, including JPMorgan to $80, RBC to $80, Stephens to $75, and Needham to $90, suggesting analysts see additional upside. JPMorgan, RBC, Stephens and Needham analyst updates

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.