Affirm

$Affirm(AFRM.US) | Bernstein SocGen Group 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐞𝐬 𝐜𝐨𝐯𝐞𝐫𝐚𝐠𝐞 on 𝐀𝐟𝐟𝐢𝐫𝐦 with 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦 rating, sets 𝐏𝐓 𝐚𝐭 $𝟏𝟎𝟎

Analyst sees Affirm at a unique intersection of several tailwinds, including expanding TAM and network effects, with an attractive valuation.

$Affirm(AFRM.US) | Compass Point maintains 𝐁𝐮𝐲 on 𝐀𝐟𝐟𝐢𝐫𝐦, 𝐫𝐚𝐢𝐬𝐞𝐬 𝐏𝐓 𝐭𝐨 $𝟏𝟎𝟎 𝐟𝐫𝐨𝐦 $𝟖𝟎

Analyst sees company-specific catalysts driving growth, making AFRM a favorite name for 2H despite macro concerns.

$Affirm(AFRM.US) | Piper Sandler reiterates 𝐎𝐯𝐞𝐫𝐰𝐞𝐢𝐠𝐡𝐭 on 𝐀𝐟𝐟𝐢𝐫𝐦, maintains 𝐏𝐓 𝐚𝐭 $𝟏𝟎𝟑

Analyst sees Affirm as a clear example of the evolution of BNPL from simple transaction financing to everyday money management.

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Affirm Expands Buy Now, Pay Later Service Across Bed Bath & Beyond Brands - $Affirm(AFRM.US) $Bed Bath & Beyond, Inc.(BBBY.US)

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ 𝐀𝐟𝐟𝐢𝐫𝐦 is now available across 𝐁𝐞𝐝 𝐁𝐚𝐭𝐡 & 𝐁𝐞𝐲𝐨𝐧𝐝's online retail brands.

➤ Service includes 𝐎𝐯𝐞𝐫𝐬𝐭𝐨𝐜𝐤, Bed Bath & Beyond, and 𝐛𝐮𝐲𝐛𝐮𝐲 𝐁𝐀𝐁𝐘.

➤ Eligible shoppers can pay through 𝐛𝐢𝐰𝐞𝐞𝐤𝐥𝐲 or 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 installments.

➤ Affirm says customers pay with 𝐧𝐨 𝐥𝐚𝐭𝐞 𝐟𝐞𝐞𝐬, hidden fees, or compounding interest.

➤ Payment options remain subject to 𝐞𝐥𝐢𝐠𝐢𝐛𝐢𝐥𝐢𝐭𝐲 checks and lending partner approval.

➤ Bed Bath & Beyond joins Affirm's network of nearly 𝟓𝟏𝟓,𝟎𝟎𝟎 merchant partners.

➤ Affirm's merchant network includes 𝐀𝐦𝐚𝐳𝐨𝐧, Costco, StubHub, Revolve, and StockX.

👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:

➤ Partnership expands Affirm's reach across a major 𝐡𝐨𝐦𝐞 𝐫𝐞𝐭𝐚𝐢𝐥 platform.

➤ Added merchant adoption could support higher 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 volumes for Affirm.

➤ Flexible payment options may help retailers improve 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 and customer spending.

👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

➤ "Bed Bath & Beyond is where customers come for everything home, from the everyday essentials, to the perfect seasonal touches, to the projects that transform a room. Affirm gives them the flexibility to pay their way and to bring their vision to life on a timeline that works for them." — 𝐋𝐢𝐬𝐚 𝐅𝐨𝐥𝐞𝐲, Chief Operating Officer of Bed Bath & Beyond.

➤ "Homes change as life changes. Whether someone is moving into their first apartment, preparing for a new baby, or creating space for a growing family, Affirm gives customers a clear, transparent way to pay over time and choose a payment plan that fits their budget." — 𝐏𝐚𝐭 𝐒𝐮𝐡, SVP of Revenue at Affirm.

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $Affirm(AFRM.US) Affirm and CPP Investments Expand Loan Purchase Agreement to $𝟏.𝟕𝐁

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ CPP Investments commits $𝟏.𝟕𝐁 to purchase Affirm installment loans.

➤ Agreement includes option to increase commitment to $𝟐.𝟐𝐁.

➤ Partnership expected to support approximately $𝟖𝐁 in consumer loan volume.

➤ Since 𝟐𝟎𝟏𝟗, CPP Investments has purchased nearly $𝟏𝟒𝐁 of Affirm assets.

➤ Affirm reported $𝟒𝟔𝐁 gross merchandise volume over the last 12 months.

➤ Company serves nearly 𝟐𝟕𝐌 active consumers globally.

➤ Total funding capacity reached $𝟐𝟖.𝟐𝐁 as of March 31, 2026.

💬 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

“CPP Investments has been one of our most valued capital partners since the earliest days of our program, and this renewal reflects the trust and track record we've built together,” said Michael Linford, Chief Operating Officer of Affirm.

“Affirm has established a leading position in a large and growing segment of consumer finance by offering transparent payment solutions that resonate with both consumers and merchants,” said Paras Vira, Managing Director, Head of Americas Structured Credit at CPP Investments.

$Affirm(AFRM.US) | Truist Securities maintains 𝐁𝐮𝐲 on 𝐀𝐟𝐟𝐢𝐫𝐦, 𝐫𝐚𝐢𝐬𝐞𝐬 𝐏𝐓 𝐭𝐨 $𝟖𝟎 𝐟𝐫𝐨𝐦 $𝟕𝟓

Analyst raises PT on Affirm while maintaining a Buy rating.

$Affirm(AFRM.US) | 𝐁𝐓𝐈𝐆 reiterates 𝐍𝐞𝐮𝐭𝐫𝐚𝐥 rating on 𝐀𝐟𝐟𝐢𝐫𝐦

Analyst sees fine credit trends in April data but flags higher early delinquencies in one new vintage, cautioning against expecting future GMV beats.

$Affirm(AFRM.US) | 𝐀𝐟𝐟𝐢𝐫𝐦: Compass Point maintains 𝐁𝐮𝐲, raises 𝐏𝐓 𝐭𝐨 $𝟖𝟎

Analyst sees strong execution and improving profitability framework supporting long-term upside.

$Affirm(AFRM.US) | 𝐀𝐟𝐟𝐢𝐫𝐦: Evercore reiterates 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦, maintains 𝐏𝐓 𝐚𝐭 $𝟗𝟎, 'We expect shares to continue to be volatile'

Analyst sees multiple growth drivers and expanding margins supporting long-term upside.

$Affirm(AFRM.US) | 𝐀𝐟𝐟𝐢𝐫𝐦: RBC Capital maintains 𝐒𝐞𝐜𝐭𝐨𝐫 𝐏𝐞𝐫𝐟𝐨𝐫𝐦, raises 𝐏𝐓 𝐭𝐨 $𝟖𝟎

Analyst sees consumer credit trends remaining resilient, with margin strength and operating leverage supporting earnings growth.

$Affirm(AFRM.US) | 𝐀𝐟𝐟𝐢𝐫𝐦: Citizens maintains 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦, cuts 𝐏𝐓 𝐭𝐨 $𝟖𝟓

Analyst sees strong differentiation in underwriting and credit performance, supporting long-term secular growth despite PT cut.

Source: Hardik Shah