Wells Fargo Maintains a Buy on ​Affirm Holdings (AFRM)

​Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. The Street is bullish on Affirm Holdings, Inc. (NASDAQ:AFRM), with analysts’ 12-month average price target suggesting more than 17.73% upside from the current levels. Moreover, 76% of the 33 analysts covering the stock maintain a Buy rating.

​Recently, on June 15, Wells Fargo analyst Jason Kupferberg maintained a Buy rating on the stock with a price target of $89. Earlier, on June 4, William Blair also reiterated an Outperform rating on the shares without disclosing any price target.

​Analyst Andrew Jeffrey described Affirm as one of William Blair’s top digital finance ideas, reflecting strong conviction in the company’s long-term growth story. The firm noted that Affirm is growing its share in the buy now and pay later market, which, as per the firm, still remains in the early development stage. William Blair sees Affirm on track to establish clear leadership within the massive US card payments market, estimated at roughly $9 trillion. The firm believes that this dominance will result in improved profitability and strong returns on invested capital.

Affirm Holdings Inc. (NASDAQ:AFRM) operates a payment network across Canada, the United States, and internationally. The company’s platform includes a consumer-focused app, a point-of-sale payment solution for consumers, and merchant commerce solutions. Affirm Holdings, Inc. was incorporated in 2012 and is based in San Francisco, California.

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