DA Davidson analyst Christopher Brendler upgraded Affirm Holdings Inc. shares to Buy from Neutral with a price target of $75, down from $110, suggesting an upside of 29 percent.
The analyst contends that the selloff in the stock is “overdone.”
Brendler is bullish heading into the company’s results, with industry data suggesting that the U.S. buy-now-pay-later usage has more than doubled this holiday season.
By Anusuya Lahiri
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