Piper Sandler Reiterates Buy Rating on Affirm Holdings

On June 30, 2026, Piper Sandler reiterated its buy rating on Affirm Holdings, Inc. (NasdaqGS: AFRM), setting a price target of $103. This reaffirmation comes as Affirm shares traded around $80.54 on Tuesday.

Other Institutional Activity in Affirm Holdings

Several major funds have adjusted their stakes in Affirm Holdings recently. Capital Research Global Investors increased its holdings by 1,446,091 shares, reaching a total of 24,592,033 shares valued at approximately $1.13 billion. Capital World Investors also grew its position by 802,009 shares to 22,512,923 shares, worth about $1.03 billion. On the other hand, Morgan Stanley reduced its holdings by 1,294,318 shares, now holding 21,715,982 shares valued at nearly $995 million. BlackRock, Inc. trimmed its stake slightly by 141,432 shares, ending with 18,732,493 shares valued at around $858 million. Meanwhile, FMR LLC significantly boosted its position by 3,618,543 shares, totaling 17,294,381 shares worth approximately $792 million.

Affirm Holdings, Inc. Stock Up 9.5%

Shares of Affirm Holdings, Inc. traded near $80.54 on Tuesday. The company has a market capitalization of about $26.62 billion. It possesses a P/E ratio of 72.26 and a forward P/E of 21.05, suggesting expectations of future earnings growth. Affirm's beta is 3.699, indicating high volatility compared to the market. The stock's 52-week range spans from $42.10 to $100.00. The 50-day moving average stands at $67.73, while the 200-day moving average is $66.39. Affirm maintains a robust current ratio of 13.54 and a quick ratio of 9.57, though it has a high debt-to-equity ratio of 240.28.

Recent Earnings

Affirm Holdings reported revenue of approximately $3.97 billion, reflecting a growth rate of 32.6%. The company achieved a net margin of 9.63% and a return on equity of 11.49%. Affirm is expected to release its next earnings report on August 27, 2026.

Insider Buying and Selling at Affirm Holdings, Inc.

In recent insider activity, Katherine Adkins, Chief Legal Officer, sold 4,793 shares on June 1, 2026, at an average price of $72.91. Libor Michalek, President, offloaded 11,363 shares on the same day. Michael Linford, Chief Operating Officer, bought 11,717 shares but also sold 4,666 shares, both transactions occurring on June 1, 2026.

Analysts Set New Price Targets

On June 30, 2026, Piper Sandler initiated its buy rating on Affirm Holdings with a $103 price target. Morgan Stanley downgraded its rating to hold with a $79 target on June 25, 2026. Deutsche Bank maintained its buy rating with an $85 target, and Susquehanna kept its buy rating with a $105 target, both on June 25, 2026. The consensus among 27 analysts is a buy recommendation, with a mean price target of $83.89.

About Affirm Holdings

Affirm Holdings, Inc. is a financial services company based in San Francisco, California. It operates a payment network in the U.S., Canada, and internationally, offering point-of-sale payment solutions for consumers and merchant commerce solutions. The platform allows consumers to pay for purchases over time, serving a variety of merchants from small businesses to large enterprises across numerous industries. The company was founded in 2012 and is led by CEO Max Roth Levchin.

Bottom Line

Piper Sandler's reiteration of a buy rating on Affirm Holdings, Inc. highlights continued confidence in the company's growth prospects. Investors and analysts closely watch Affirm due to its innovative payment solutions and potential for market expansion. As always, it's important to remember that analyst ratings are opinions and should be considered alongside other factors.