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Bank of America raises Affirm price target after strong Q3 results beat expectations

Analyst Insights
11 May 2026
Proactive Investors
View Source
Bullish
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Bank of America upgraded Affirm's price target to $88 from $82 following a strong fiscal third quarter that exceeded expectations in key metrics like gross merchandise volume, revenue less transaction costs, and operating income. The firm maintained a "Buy" rating, citing steady consumer demand, disciplined underwriting, and improving monetization. Despite a muted market reaction, investors are looking ahead to Affirm's Investor Forum on May 12 for updated guidance, especially on margins. Bank of America also highlighted Affirm's effective credit management and AI-driven operational improvements, which support better unit economics and margin durability.

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