Affirm Has Long-Term Potential, but It Might Not Be a ‘Buy Now’ Stock
Needham analyst Kyle Peterson initiated coverage of the “Buy Now, Pay Later” company Affirm on Wednesday with a Hold rating and no price target. Peterson said his rating reflects the stock’s valuation, as well as his concerns about certain expenses. Peterson says Affirm’s valuation is elevated at 32 times his 2026 earnings estimates.