Affirm (AFRM) Shares Skyrocket, What You Need To Know

Affirm (NASDAQ:AFRM) jumped 6.9% in the afternoon after BMO Capital Markets raised its price target, while traders built momentum ahead of the company’s fourth-quarter fiscal 2026 earnings report on August 27. BMO lifted its target for Affirm to $86.00, and the move came alongside “growing excitement” for the upcoming results and news that large banks have increased their holdings. Regulatory filings cited in the article show institutions including Bank of America and Royal Bank of Canada recently added to their stakes. Shares closed at $78.29, up 6.7% from the prior close. The stock has been highly volatile, with 44 moves larger than 5% over the last year.