Affirm Stock Could Surge 17% to $71, According to This Analyst
Affirm Holdings (NASDAQ: AFRM) was the mouse that roared when the company went public earlier this year. The specialist in "buy now, pay later" (BNPL) was priced at $49, but surged out of the gate, nearly doubling on its first day of trading.
In the ensuing months, however, Affirm hasn't fared nearly as well. Since peaking in early February, the stock has lost more than half its value. The selling has simply gone too far, and the stock is now too inexpensive to pass up.
That's according to Bank of America Securities analyst Jason Kupferberg. On Tuesday, Kupferberg upgraded the stock to buy from neutral (hold), while lowering his price target from $78 to $71. The new target represents potential gains for investors of roughly 17% over the stock's closing price on Friday of about $61.
Source Fool.com
