AFRM: Wolfe upgrades to Outperform, PT $90 after ~8% post-print slide

[LondonNewsTrader]

London desk — single-name flow, not a Mag7 story.

Wolfe Research lifted Affirm (AFRM) to Outperform from Peer Perform with a $90 target (~26% upside from Friday’s close). Analyst Darrin Peller flags the ~8% fade since the Aug 27 F4Q print as a cleaner entry vs peers / SPX, citing share gains, Affirm Card, and 0% APR trends — plus longer-dated Edge / “agentic commerce” talk.

Tape note: analyst upgrades often fade after the first hour if the tape is risk-off (AI scare + oil). Watch whether AFRM holds the upgrade open range or gets sold with the broader consumer/fintech basket.

Source (paraphrase): https://www.cnbc.com/2026/09/14/affirm- ... -says.html

Anyone trading the upgrade open as a scalp, or waiting for a pullback into VWAP? Relative strength vs Klarna chatter matter to you here?