RBC Capital Maintains a Sector Perform Rating on Affirm Holdings, Inc. (AFRM)

Core Insights - Affirm Holdings, Inc. (NASDAQ:AFRM) is recognized as one of the best digital currency and payments stocks to buy currently [1] Analyst Ratings - Daniel Perlin from RBC Capital reduced the price target for Affirm from $87 to $77 while maintaining a Sector Perform rating, citing a slowdown in projections and a significant client switching to its own wallet platform affecting revenues [2] - Moshe Orenbuch from TD Cowen lowered the price target from $110 to $95 but reaffirmed a Buy recommendation, highlighting a solid second-quarter earnings beat driven by strong margin and revenue performance [3] Business Model - Affirm operates a digital and mobile-first business platform consisting of three main components: a consumer-focused app, merchant commerce solutions, and a point-of-sale payment system for customers [4]