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Benzinga
Benzinga
Business
Anusuya Lahiri

Morgan Stanley Gains Conviction On Affirm Post Its TMT Conference

Affirm Morgan Stanley NYSE AFRM SHOP James Faucette Affirm Holdings Inc Max Levchin Shopify Inc Walmart Inc
  • Affirm Holdings Inc (NASDAQ:AFRM) CEO Max Levchin, and CFO Michael Linford joined the firm's TMT Conference, Morgan Stanley analyst James Faucette noted.
  • Affirm's partnerships with Amazon.com Inc (NASDAQ:AMZN), Walmart Inc (NYSE:WMT), and Shopify Inc (NYSE:SHOP) supported his view that these partnerships can bring meaningful upside to GMV and revenue.
  • Faucette also gained conviction on Affirm's long-term demographic opportunity within financial services and strong consumer traction. 
  • Faucette has an Overweight rating and a $140 price target (298.4% upside) on Affirm shares.
  • Price Action: AFRM shares traded lower by 4.05% at $35.31 on the last check Thursday.
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