Despite strong performance, analysts remain cautious on Affirm’s stock
- Affirm’s stock has soared 420.7% year to date
- Analysts expect the stock to fall 40% in 2024
- Only 6 out of 19 analysts recommend buying Affirm’s stock
- The average 12-month price target is $29.24, implying 42% downside
- Affirm’s stock has outperformed its peers and the broader market
- PayPal and Square have also seen significant stock gains
Wall Street analysts have expressed positive sentiment towards buy-now-pay-later services company Affirm Holdings Inc., as its stock has skyrocketed 420.7% year to date. However, most analysts expect the stock to experience a significant pullback in 2024, with an average 12-month price target of $29.24, implying a 42% downside. Only six out of 19 analysts surveyed recommend buying Affirm’s stock at current levels. Affirm’s stock has outperformed its peers and the broader market, but competitors like PayPal and Square have also seen significant gains. Despite the bullish outlook on the buy-now-pay-later sector, analysts remain cautious on Affirm’s stock.
Public Companies: Affirm Holdings Inc. (AFRM), PayPal Holdings Inc. (PYPL), Block Inc. (SQ)
Private Companies:
Key People: Andrew Jeffrey (Truist analyst), Dan Dolev (Mizuho Securities analyst), Reginal Smith (J.P. Morgan analyst), David Chiaverini (Wedbush analyst)
Factuality Level: 7
Justification: The article provides information about Wall Street analysts’ opinions on Affirm Holdings Inc. and its stock performance. It includes data on the stock’s year-to-date performance, analyst recommendations, and price targets. The information seems to be based on factual data and analyst opinions, but it lacks in-depth analysis and may not provide a comprehensive view of the company’s prospects.
Noise Level: 3
Justification: The article provides information on Wall Street analysts’ opinions on Affirm Holdings Inc. and its stock performance. It includes data on the company’s stock price, volume, and market share. However, the article lacks in-depth analysis, scientific rigor, and actionable insights. It mainly focuses on the opinions of analysts and does not provide a comprehensive understanding of the company’s long-term trends or antifragility. Additionally, the article contains repetitive information and does not explore the consequences of decisions on those who bear the risks.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the stock performance and analyst recommendations for Affirm Holdings Inc., a financial technology company in the buy-now-pay-later services sector.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article focuses on the financial performance and analyst recommendations for Affirm Holdings Inc., without mentioning any extreme events or their impact.
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