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Goldman Sachs has reaffirmed its Buy rating on Affirm Holdings Inc. (NASDAQ: AFRM) with a price target of $56. Analyst Will Nance expressed confidence in the company's prospects, highlighting its potential for growth in the market.
Goldman Sachs analyst Will Nance has raised the price target for Affirm (AFRM) to $56 from $50, maintaining a Buy rating. This adjustment follows an 8K filing revealing that Walmart (WMT) accounts for 5% of Affirm's gross merchandise volume and 2% of its operating income. The firm believes the financial impact from Walmart will be lower due to the challenges of underwriting Walmart's lower-end customer base and the profitability terms negotiated with vendors.
Klarna's exclusive partnership with Walmart has ended Affirm's loan installment services for the retailer, impacting its financial outlook. Goldman Sachs analyst Will Nance adjusted Affirm's price forecast to $56, citing lower-than-expected financial repercussions from the Walmart deal, which contributed less to Affirm's GMV and operating income than previously estimated. Affirm's strategic partnerships with Shopify and Amazon are expected to bolster its market position in the growing BNPL sector, despite heightened investor concerns over competitive pressures.
Affirm Holdings will no longer provide installment loan services to Walmart following the retailer's exclusive partnership with Klarna. Goldman Sachs analyst Will Nance adjusted Affirm's price forecast to $56, citing a lower-than-expected financial impact from the partnership's termination. Despite this setback, Affirm's strong position in the subprime credit market and its extended partnership with Shopify are expected to drive future growth.
Will Nance
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Goldman Sachs maintains buy rating and price target for Affirm Holdings
17:12 25.03.2025
Goldman Sachs raises Affirm price target amid Walmart partnership insights
19:36 18.03.2025
Walmart partners with Klarna impacting Affirm's market position and forecasts
United States Dollar
Shopify Inc.
Capital One Financial Corporation
Walmart Inc.
The Goldman Sachs Group, Inc.
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Affirm Holdings, Inc.
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Will Nance
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19:20 18.03.2025
Walmart partnership shift impacts Affirm's financial outlook and market position
Shopify Inc.
Capital One Financial Corporation
Walmart Inc.
The Goldman Sachs Group, Inc.
Affirm Holdings, Inc.
Amazon.com, Inc.
USA
Will Nance
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19:20 18.03.2025
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