Mizuho Trims Target Price on Affirm (AFRM) to $95

Affirm Holdings Inc. (NASDAQ:AFRM) is one of the 13 High-Risk High-Reward Growth Stocks to Invest In.

On February 9, Mizuho reduced its target price on Affirm Holdings by 16.7% to $95 (from $114) while keeping an Outperform call on the stock. Dan Dolev, the analyst from Mizuho, views the recent selloff in AFRM as unjustified. He cited two positive catalysts that the market might be overlooking: AFRM’s recently announced exclusive partnership with Intuit and conservative FY2026 guidance.

For context, on February 2, Intuit and Affirm announced a multi-year deal wherein Affirm would become the exclusive built-in pay-over-time solution in QuickBooks Payments. This deal would give Affirm immediate access to the millions of small and mid-market businesses that use QuickBooks, with more than $2 trillion in invoices per year.  Pat Suh, Senior Vice President of Revenue at Affirm, had this to say about the deal:

”Millions of SMBs rely on QuickBooks to simplify operations, keep their cash flow on track, and grow their business. Integrating Affirm directly into QuickBooks Payments will give these businesses another lever for growth — offering customers a transparent, responsible way to pay over time while the business continues to get paid upfront.”

Three days later, on February 5, Affirm released its Q2 FY2026 earnings report, which showed strong growth across the board. Gross merchandise volume grew 36% YoY to $13.8 billion (from $10.1 billion), active consumers grew 23% YoY to 25.8 million (from 21.0 million), while transactions per active customer grew 20% YoY to 6.4x (from 5.3x). Combined, these operational results yielded a 30% YoY growth in revenue, which reached $1.1 billion (from $0.9 billion).

Management also provided its guidance on revenue for the 2^nd half of the fiscal year. For Q3-2026, they expect revenue to be between $0.97 billion and $1.00 billion, implying a YoY growth rate of 23.9%-27.7%. For Q4-2026, they expect revenue to be between $1.06 billion and $1.09 billion, implying a YoY growth rate of 21.0%-24.4%.

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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Disclosure: None. This article is originally published at Insider Monkey.