Quick Read – Bank of America raised Affirm’s (AFRM) price target to $88 from $82 on strong Q3 beat-and-raise results and maintained its Buy rating. – Affirm’s valuation at 37x forward P/E already prices execution, so upside hinges on durable GMV growth and unit economics rather…
an multiple expansion. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Affirm wasn’t one of them. Get them here FREE
Bank of America (NYSE:BAC) analyst Matthew O’Neill raised his price target on Affirm to $88 from $82 on May 11, while reiterating a Buy rating. The analyst upgrade follows a “clean beat and raise” fiscal Q3 2026 report and frames the recent share dip as “a brief air pocket” ahead of the company’s investor forum. Affirm (NASDAQ:AFRM) stock closed at $64.01 on May 8, with shares trading near $62 intraday Monday.
The new target sits above the Street consensus of $81.71. The Analyst’s Case O’Neill’s price target raise rests on Affirm’s $1.04 billion in fiscal Q3 2026 revenue, a 4% beat that grew 33% year over year (YoY). Management also lifted full-year FY2026 revenue guidance to $4,175 million to $4,205 million, the textbook beat-and-raise setup that Bank of America views as a clean read.