Following a drop of 74% YTD, Affirm is in oversold territory, trading at just over 6 times sales, and has since received additional confirmation from Wall Street. SMBC Nikko raised its target to $40, from $35, while retaining its outperform rating. The company ended the quarter with $2.3 billion in cash, and $4.2 billion in debt, with sound risk metrics, leaving it on track to profitability in 2023. The Target is $51$Affirm Holdings, Inc.(AFRM)$
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