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Morgan Stanley names Affirm a Top Pick with $76 target, citing strong growth and upcoming catalyst.

Analyst Insights
17 Apr 2026
24/7 Wall Street
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Bullish
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Morgan Stanley analyst James Faucette has designated Affirm Holdings as a Top Pick with an Overweight rating and a $76 price target, highlighting the company's strong growth and undervalued funding risk. Affirm's recent financial results showed a 30% revenue increase and a 36% rise in gross merchandise volume (GMV), with significant operational momentum. The upcoming May 12 Investor Forum is expected to be a key catalyst, where Affirm may raise its GMV, margin, and EPS targets, potentially driving stock upgrades. Despite some risks like partner concentration and rising delinquencies, the firm’s robust funding and product expansion support a positive outlook for investors.

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