why Affirm Holdings Inc. [AFRM] is a Good Choice for Investors After New Price Target of $78.12

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Affirm Holdings Inc. [NASDAQ: AFRM] jumped around 3.96 points on Friday, while shares priced at $40.71 at the close of the session, up 10.78%. The company report on March 14, 2022 that Affirm Provides Business Performance Update.


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Raises Third Quarter Financial Outlook Based on Strong Quarter-to-Date Performance.

Affirm Holdings, Inc. (NASDAQ: AFRM) (“Affirm” or the “Company”), the payment network that empowers consumers and helps merchants drive growth, today provided an update on its business performance, including its current funding capacity and availability, and raised the Company’s third quarter and full year fiscal 2022 financial outlook.

Affirm Holdings Inc. stock is now -59.52% down from its year-to-date (YTD) trading value. AFRM Stock saw the intraday high of $41.13 and lowest of $36.38 per share. The company’s 52-week high price is 176.65, which means current price is +56.46% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 14.65M shares, AFRM reached a trading volume of 20035642 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Affirm Holdings Inc. [AFRM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AFRM shares is $78.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AFRM stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Truist have made an estimate for Affirm Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 11, 2022. While these analysts kept the previous recommendation, Stephens dropped their target price from $72 to $51. The new note on the price target was released on February 11, 2022, representing the official price target for Affirm Holdings Inc. stock. Previously, the target price had yet another drop from $127 to $83, while RBC Capital Mkts kept a Outperform rating on AFRM stock. On February 11, 2022, analysts decreased their price target for AFRM shares from 105 to 85.

The Average True Range (ATR) for Affirm Holdings Inc. is set at 5.21, with the Price to Sales ratio for AFRM stock in the period of the last 12 months amounting to 10.72. The Price to Book ratio for the last quarter was 4.64, with the Price to Cash per share for the same quarter was set at 10.00.

How has AFRM stock performed recently?

Affirm Holdings Inc. [AFRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 31.92. With this latest performance, AFRM shares dropped by -5.15% in over the last four-week period, additionally sinking by -64.99% over the last 6 months – not to mention a drop of -47.38% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AFRM stock in for the last two-week period is set at 49.01, with the RSI for the last a single of trading hit 57.05, and the three-weeks RSI is set at 44.45 for Affirm Holdings Inc. [AFRM]. The present Moving Average for the last 50 days of trading for this stock 51.66, while it was recorded at 33.07 for the last single week of trading, and 88.25 for the last 200 days.

Insider trade positions for Affirm Holdings Inc. [AFRM]

There are presently around $6,053 million, or 74.20% of AFRM stock, in the hands of institutional investors. The top three institutional holders of AFRM stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 19,364,986, which is approximately 33.938% of the company’s market cap and around 0.60% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 16,314,513 shares of the stock with an approximate value of $664.16 million in AFRM stocks shares; and VANGUARD GROUP INC, currently with $594.99 million in AFRM stock with ownership of nearly 65.306% of the company’s market capitalization.

309 institutional holders increased their position in Affirm Holdings Inc. [NASDAQ:AFRM] by around 53,105,383 shares. Additionally, 144 investors decreased positions by around 18,804,242 shares, while 43 investors held positions by with 76,764,996 shares. The mentioned changes placed institutional holdings at 148,674,621 shares, according to the latest SEC report filing. AFRM stock had 164 new institutional investments in for a total of 21,545,131 shares, while 66 institutional investors sold positions of 5,657,073 shares during the same period.

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