economy
This payments stock is a top pick and poised to rally on 'strong' catalysts, Morgan Stanley says
Affirm is likely to see its stock price rise on a combination of catalysts, according to Morgan Stanley.
TL;DR
- Morgan Stanley designates Affirm (AFRM) as its top pick, projecting a 26% upside.
- Key catalysts include potential upward revisions to growth estimates and an upcoming Investor Day.
- Morgan Stanley dismisses fears linking Affirm to private credit as 'overblown'.
- The firm expects Affirm to raise targets for GMV, margin, and EPS.
- Affirm's stock valuation is considered compelling by Morgan Stanley.