Affirm (NASDAQ:AFRM) Price Target Cut to $105.00 by Analysts at Piper Sandler

07 Nov 2026, 13:18 by Jessica Moore · The Cerbat Gem

Affirm (NASDAQ:AFRM – Free Report) had its price objective reduced by Piper Sandler from $115.00 to $105.00 in a report issued on Friday, Marketbeat reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently commented on the company. Susquehanna lifted their target price on Affirm from $105.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, August 28th. Citizens Jmp reaffirmed a “market outperform” rating and set a $85.00 price target on shares of Affirm in a research note on Friday. Sanford C. Bernstein raised their price target on Affirm from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, August 31st. JPMorgan Chase & Co. raised their price target on Affirm from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Finally, Zacks Research upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.81.

Check Out Our Latest Research Report on Affirm

Affirm Price Performance

NASDAQ:AFRM traded down $1.55 during mid-day trading on Friday, reaching $68.11. 9,658,563 shares of the company were exchanged, compared to its average volume of 3,621,034. Affirm has a 12 month low of $42.10 and a 12 month high of $90.44. The company has a fifty day moving average of $72.54 and a 200 day moving average of $66.56. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. The stock has a market cap of $22.98 billion, a PE ratio of 11.82, a PEG ratio of 2.99 and a beta of 3.74.

Affirm (NASDAQ:AFRM – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.09. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company posted $0.23 EPS. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, research analysts anticipate that Affirm will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other Affirm news, CAO Siphelele Jiyane sold 26,980 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $72.19, for a total transaction of $1,947,686.20. Following the completion of the sale, the chief accounting officer owned 188,711 shares in the company, valued at approximately $13,623,047.09. The trade was a 12.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Katherine Adkins sold 41,664 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $75.53, for a total value of $3,146,881.92. Following the completion of the transaction, the insider directly owned 152,439 shares in the company, valued at approximately $11,513,717.67. This trade represents a 21.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 280,118 shares of company stock worth $22,223,307 over the last quarter. 11.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Affirm

A number of institutional investors have recently made changes to their positions in AFRM. Bank of New York Mellon Corp acquired a new position in Affirm in the second quarter valued at about $75,121,000. Ardmore Road Asset Management LP grew its position in shares of Affirm by 849.6% during the 1st quarter. Ardmore Road Asset Management LP now owns 600,000 shares of the company’s stock worth $27,492,000 after buying an additional 536,814 shares during the period. Diversify Wealth Management LLC acquired a new position in shares of Affirm during the 1st quarter worth about $14,798,000. Allspring Global Investments Holdings LLC increased its stake in shares of Affirm by 23.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,577,264 shares of the company’s stock valued at $71,829,000 after acquiring an additional 303,037 shares during the last quarter. Finally, Spyglass Capital Management LLC increased its stake in shares of Affirm by 15.2% in the 1st quarter. Spyglass Capital Management LLC now owns 1,662,325 shares of the company’s stock valued at $76,168,000 after acquiring an additional 218,745 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Key Affirm News

Here are the key news stories impacting Affirm this week:

Positive Sentiment: Affirm reported fiscal Q1 2027 adjusted earnings of $0.47 per share, ahead of estimates, while revenue reached $1.26 billion and gross merchandise volume grew 34%. Cardholders more than doubled, signaling continued platform expansion. Affirm Q1 Earnings Beat Estimates on Strong GMV and Card Growth
Positive Sentiment: Management is targeting fiscal 2027 growth above 30%, citing AI-driven underwriting, card expansion and new financing opportunities. Its Q2 revenue guidance of $1.4 billion–$1.5 billion is broadly in line with consensus. Affirm Q1 Earnings Call Highlights 30% Growth Goal and Credit Risks
Neutral Sentiment: Some analysts argue credit worries may be overblown and see further upside, though their optimism comes alongside close scrutiny of loan performance. Late Payments Overshadow Affirm’s Earnings Beat. Wall Street Sees More Run to Run.
Negative Sentiment: Higher credit-loss provisions and late-payment concerns are the main headwinds, raising questions about whether rapid growth could come at the cost of worsening credit quality. Affirm Q1 Earnings Beat Estimates on Strong GMV and Card Growth
Negative Sentiment: Several firms lowered price targets after results, including Stephens, Barclays and Piper Sandler. Barclays and Piper Sandler kept overweight ratings, while Stephens retained an equal-weight rating, suggesting target cuts but not a broad shift to bearish recommendations.

Affirm Company Profile