From Barchart:



In 2023, Affirm stock has seen a significant rally, with Mizuho analyst Dan Dolev raising the target price to a Street high of $65. This indicates the potential for significant profits for investors who got in early. However, with the stock trading at these high prices, it may be wise for investors to consider taking some profits off the table.

The BNPL (Buy Now Pay Later) company has experienced a surge in stock value, making it an attractive option for investors. However, it may be important to consider the potential for market fluctuations and to take a balanced approach to managing investments in Affirm stock. As with any investment, it’s crucial to carefully assess the current market conditions and make informed decisions about when to buy, hold, or sell to maximize potential gains.

As the stock has rallied in 2023 and reached all-time highs, it may be a prudent strategy for investors to consider taking profits off the table. This provides an opportunity to lock in gains and minimize potential losses in the event of a market downturn. Overall, it’s important for investors to stay informed about market trends and to make strategic decisions based on the current state of the stock.



Read more: Will Affirm Stock Go Up in 2024, or Crash-Land After This Year’s Stellar Rally?