Affirm Holdings Inc. (AFRM) saw its stock price surge 5.03% during intraday trading on Thursday, driven by a combination of positive analyst sentiment and anticipation for the company's quarterly earnings report.
The rally followed a reaffirmed Buy rating from Mizuho Securities analyst Dan Dolev, who maintained a price target of $95.00 for the buy-now-pay-later fintech company. Analyst upgrades and positive coverage often generate investor interest and buying activity in the affected stocks.
Adding to the positive momentum, Affirm is scheduled to report its fiscal third-quarter earnings after the market closes today. Earnings reports are key catalysts for stock price movements as investors assess a company's financial health and future prospects.