Here's Why Morgan Stanley Sees Sharp Upside In This IT Company

Here's Why Morgan Stanley Sees Sharp Upside In This IT Company
  • Morgan Stanley analyst James Faucette reiterated his Overweight rating and $140 price target on Affirm Holdings Inc AFRM. The price target implies an upside of 87.5%.
  • Faucette sees significant upside potential for its upcoming quarterly results. 
  • The analyst says the company benefits from meaningful partnerships and new features.
  • The "encouraging" app downloads data and "broadly healthy e-commerce trends" support this view.
  • Affirm offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app.
  • Price Action: AFRM shares traded higher by 1.81% at $76.03 in the premarket session on the last check Thursday.

Posted In: BriefsAnalyst ColorNewsPrice TargetReiterationAnalyst RatingsTech