Affirm Holdings Inc Ordinary Shares - Class A

AFRM: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Affirm: Increasing Fair Value to $67 From $62 on Lower Credit Costs and Faster Volume Growth

Michael Miller

Aug 13, 2026

Affirm has had an excellent fiscal 2026 as it has scaled deeper into profitability amid strong buy now, pay later demand. Additionally, concerns that private credit weakness would affect secondary demand for Affirm's loans have proved to be unfounded, removing an overhang from the shares.

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Affirm Holdings Inc Ordinary Shares - Class A

Affirm: Increasing Fair Value to $67 From $62 on Lower Credit Costs and Faster Volume Growth

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