Buy now, pay later (BNPL) stock, Affirm Holdings (AFRM) is seeing signs of life again.

All after Goldman Sachs initiated coverage of the stock with a buy rating with a price target of $42 a share. “We view AFRM as the leading provider of modern credit solutions for consumers, with a diverse portfolio of products for point of sale financing, and everyday spending,” said the firm, as quoted by Seeking Alpha. 

“We are particularly impressed with the sophistication of AFRM’s underwriting relative to other fintechs, and the company’s strong track record of achieving well managed credit outcomes despite growing faster than peers.”

Last trading at $32.87, we’d like to see AFRM closer to $40 short term.