Here's Why Morgan Stanley Sees Sharp Upside In This IT Company

• Morgan Stanley analyst James Faucette reiterated his Overweight rating and $140 price target on Affirm Holdings Inc (NASDAQ:AFRM). The price target implies an upside of 87.5%.
• Faucette sees significant upside potential for its upcoming quarterly results. 
• The analyst says the company benefits from meaningful partnerships and new features.
• The "encouraging" app downloads data and "broadly healthy e-commerce trends" support this view.
• Affirm offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app.
• Price Action: AFRM shares traded higher by 1.81% at $76.03 in the premarket session on the last check Thursday.