Latest news with #AndrewJeffrey
Yahoo
11 hours ago
- Business
- Yahoo
Coinbase initiated at Outperform by William Blair
-- William Blair initiated coverage of Coinbase Global (NASDAQ:COIN) with an Outperform rating, calling the crypto exchange the best-positioned company to capitalize on what it sees as a transformative period for digital assets. Cryptocurrency industry is entering a new phase of consistent regulation and expanding use-cases, with Coinbase emerging as the best way for growth investors to participate in a crypto renaissance, analyst Andrew Jeffrey said. Analyst described the company as more than just a crypto trading platform, pointing to its broader ecosystem including self-custody wallets, staking, and its Base blockchain, which aims to onboard 1 million developers and 1 billion users. The long-term importance of Coinbase's subscriptions and services segment, includes offerings like stablecoins, staking, custody for ETFs, and Coinbase One. Stablecoins is seen as the future of cross-border commerce, as per analyst, adding that subscription revenue growth could become the key driver for long-term shareholders. WB argued that Coinbase's 'comprehensive crypto services portfolio' is underpinned by trust and security—two factors he considers essential to the creation of an onchain economy that could eventually rival traditional financial systems in lending, borrowing, and payments. Valuation-wise, Coinbase trades at 16.7 times estimated 2026 EBITDA, a nearly 50% discount to an average of high-growth fintech peers. William Blair sees scope for the stock to re-rate to a high-20s multiple, supported by what it sees as durable revenue, free cash flow, and return on capital growth. Risks flagged include crypto trading volatility, regulatory uncertainty, cyber threats, and Coinbase's reliance on key individuals and partners. Related articles Coinbase initiated at Outperform by William Blair Raymond James bullish on biotech firms on favorable valuation Tenet Healthcare stock falls after Fuzzy Panda short report alleges Medicare fraud Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
'SoFi Technologies Set to Soar' as Top Analyst Sees 30% Upside on Growth Targets
June 6 - SoFi Technologies (NASDAQ:SOFI) received a Buy rating from William Blair's Andrew Jeffrey after CFO Chris Lapointe delivered a bullish outlook at Thursday's Growth Stock Conference, and shares climbed about 2% in regular trading, according to remarks at the event. Warning! GuruFocus has detected 4 Warning Sign with SOFI. Jeffrey highlighted SoFi's position as a leading fintech platform, pointing to rising membership, increased product sales, growing fee income and improving cost efficiency as drivers of future value. At the conference, Lapointe said SoFi serves roughly 11 million members and offers over 15 million products. He raised medium?term revenue guidance to above 25 percent annualized growth from 2023 to 2026, and forecast 2025 adjusted revenue of over $3 billion, adjusted EBITDA of $875 million to $895 million, and earnings per share of $0.27 to $0.28, as part of a plan to sustain 25 percent annual revenue growth through 2026. Jeffrey noted strong product demand with loan originations expected to grow more than 30 percent in 2025, stable credit quality and a tech platform poised for faster revenue growth in 2026, estimating segment growth of 12 percent this year rising to 16 percent next year. He projects SoFi's valuation could reach a 16.3x multiple in 2025, translating to a roughly 30 percent upside to about $18, while warning risks include credit challenges, funding and liquidity pressures, competitive headwinds and regulatory scrutiny. Based on the one year price targets offered by 15 analysts, the average target price for SoFi Technologies Inc is $14.14 with a high estimate of $20.00 and a low estimate of $6.00. The average target implies a upside of +3.41% from the current price of $13.67. Based on GuruFocus estimates, the estimated GF Value for SoFi Technologies Inc in one year is $11.32, suggesting a downside of -17.19% from the current price of $13.67. This article first appeared on GuruFocus.
Globe and Mail
18-03-2025
- Business
- Globe and Mail
Top Analyst Backs Affirm (AFRM) Stock Despite Klarna's Big Walmart Move
Top-rated analyst Andrew Jeffrey from William Blair has backed Affirm Holdings' (AFRM) stock with a Buy rating despite the company's loss of its partnership with retail giant Walmart (WMT) to Sweden-based rival Klarna. Consequently, AFRM stock fell by over 4% on Monday. However, Jeffrey believes the market reaction to the deal was overstated. Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. In context, Klarna teamed up with Walmart-backed OnePay to offer installment loans to U.S. shoppers. This deal replaces Affirm as Walmart's quick credit optio n, boosting Klarna's U.S. market reach. William Blair Keeps Bullish Stance on AFRM Stock Five-star-rated analyst Jeffrey maintains a Buy rating on Affirm Holdings, arguing that concerns over Klarna's Walmart deal may be exaggerated. He points out that Walmart isn't a major revenue driver for Affirm, so the impact is likely minimal. Following the Klarna-Walmart deal, Affirm clarified that its collaboration with Walmart contributed around 5% of its gross merchandise volume and 2% of its adjusted operating income over the six months ending in December. The company also emphasized that its services remain accessible through direct-to-consumer options, including the Affirm Card. Additionally, Jeffrey believes Walmart's switch to Klarna was likely driven by pricing rather than a reflection of Affirm's performance. Despite losing Walmart as a partner, Affirm's ability to boost customer loyalty and sales for merchants remains strong. All in all, Jeffrey sees Affirm as an appealing investment, highlighting its strong risk/reward balance and attractive valuation compared to future EBITDA projections. Is Affirm a Good Stock to Buy Now? Overall, AFRM stock has received a Moderate Buy consensus rating on TipRanks, based on 11 Buys and six Holds. The average price target for Affirm is $74.08, suggesting an upside of 54.5% from its current price. Year-to-date, AFRM stock has declined over 20%. See more AFRM analyst ratings Disclosure Questions or Comments about the article? Write to editor@
Reuters
07-02-2025
- Business
- Reuters
Affirm soars as strong holiday shopping propels BNPL lender to top estimates
Feb 7 (Reuters) - Affirm (AFRM.O), opens new tab shares jumped 16% in premarket trading on Friday, after the buy now, pay later lender posted a surprise quarterly profit on the back of a strong holiday shopping season and forecast an upbeat annual revenue. Retailers offered discounts on everything from apparel to electronics to lure budget-conscious shoppers, while online sales remained strong. Gross merchandise volume (GMV) - the total dollar amount of all transactions on the Affirm platform - jumped 35% to $10.1 billion in the second quarter ended December 31, exceeding analysts' estimates of $9.57 billion, according to LSEG. Affirm was on track to add roughly $3 billion to its market capitalization if the gains hold. In a letter to shareholders late on Thursday, Affirm said the merchandise and consumer electronics categories contributed significantly to growth. GMV growth from Affirm's top five merchants and platform partners collectively jumped 40%, partly due to increasing demand from consumers for zero-percent financing. The San Francisco, California-based company's total revenue soared 47% to $866 million, beating estimates of $807.2 million. "Affirm is on our short list of transformative fintechs that can become big companies over time," William Blair analyst Andrew Jeffrey said. Affirm reported net income of $80.4 million, or 23 cents per share, in the October-to-December period, compared with a loss of $166.9 million, or 54 cents per share, a year earlier. Analysts had expected the company to report a loss of 15 cents per share. "So far other fintech results have been lackluster this quarter, with some posting significant growth guidance but weak profitability. In contrast, Affirm demonstrated that a fintech can have both strong volume growth and excellent profitability margin," BTIG analysts said. Affirm also forecast fiscal 2025 revenue between $3.13 billion and $3.19 billion, largely above Street expectations of $3.09 billion.
