Goldman Sachs Is Pounding the Table on Affirm (AFRM) Stock
AFRMAffirm(AFRM) Investor Place·2024-06-25 05:06

Affirm (NASDAQ:AFRM) stock enjoyed a strong late-day push after Goldman Sachs initiated coverage on the buy-now pay-later company with a “buy” rating. Indeed, Goldman Sachs analysts were clearly impressed by Affirm’s business model, setting a price target of 42onAFRMstock.Thatimpliesroughly2542 on AFRM stock. That implies roughly 25% upside from the stock’s closing price of 33.70 per share. Why is Goldman Sachs so big on Affirm? Well, according to the firm, Affirm’s strength lies in its portfolio and underwriting. Indeed, analysts pointed ...