JMP upgrades Affirm on growth prospects, sees 24% upside

Investing.com12-20 22:19

Investing.com -- JMP upgraded Affirm Holdings Inc (NASDAQ:AFRM) to "market outperform" from "market perform," on the buy-now-pay-later firm's strong positioning and improved profitability outlook. The...

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JMP noted this shift removes a key overhang for buy-now-pay-later players.The company’s quicker-than-expected path to GAAP profitability in fiscal 2025, improving unit economics, and new partnerships, including integration with Apple  Pay and expansion into the UK, were highlighted as key drivers for growth.JMP also pointed to Affirm’s robust funding model and underwriting expertise, which position it as a leader in the BNPL sector, gradually taking market share from traditional credit card firms.Affirm's fiscal 2025 GAAP EPS forecast was revised to a loss of 10 cents","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"JMP":"JMP Group","AFRM":"Affirm Holdings, Inc."},"translate_title":"JMP上调Affirm增长前景，预计上涨24%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JMP":1,"AFRM":0.9},"content_text":"Investing.com -- JMP upgraded Affirm Holdings Inc (NASDAQ:AFRM) to \"market outperform\" from \"market perform,\" on the buy-now-pay-later firm's strong positioning and improved profitability outlook.\nThe brokerage set a price target of $78, implying a 24% upside from stock’s current levels.\nAffirm shares have surged 38% since November, buoyed by expectations of a less stringent regulatory environment under the incoming U.S. administration. JMP noted this shift removes a key overhang for buy-now-pay-later players.\nThe company’s quicker-than-expected path to GAAP profitability in fiscal 2025, improving unit economics, and new partnerships, including integration with Apple (NASDAQ:AAPL) Pay and expansion into the UK, were highlighted as key drivers for growth.\nJMP also pointed to Affirm’s robust funding model and underwriting expertise, which position it as a leader in the BNPL sector, gradually taking market share from traditional credit card firms.\nAffirm's fiscal 2025 GAAP EPS forecast was revised to a loss of 10 cents, up from a previously projected loss of 47 cents, boosted by gains from convertible debt retirement. The brokerage expects continued gains in profitability through 2026.\nRelated Articles\nJMP upgrades Affirm on growth prospects, sees 24% upside\nLure of Anglo's copper mines could test BHP's spending resolve\nCleveland Fed president Hammack opposes recent rate cut, cites strong economy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492044493"}