Affirm's Price Target Lowered By Mizuho Despite Positive Comments

By Sam Boughedda

Investing.com — Shares of Affirm Holdings Inc (NASDAQ:AFRM) are down more than 1% Tuesday after Mizuho Securities lowered its price target.

Analyst Dan Dolev cut the target on Affirm to $100 from $140, maintaining a buy rating.

However, despite trimming its target, the firm provided some positive commentary on the company, with Dolev telling investors the company's "proprietary survey shows healthy appetite and a promising start to the AFRM checkout option on Amazon."

Affirm's buy now pay later payment solution has been available on Amazon since the end of November.

The analyst added that the survey "suggests that a significant portion of AFRM's users may have already tried checking out with AFRM on Amazon (NASDAQ:AMZN), potentially leading to notable upside to AFRM's volumes."

Dolev noted the survey showed that most respondents "expressed willingness to check out on Amazon using AFRM again. A substantial majority noted they are either likely (29%) or very likely (41%) to check out on AMZN using Affirm again."

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