Deutsche Bank analyst Bryan Keane lowered its price target on Affirm Holdings (Nasdaq:AFRM) to $12 from $18 and maintained its hold rating on the stock. The analyst noted that the company reported lower-than-expected revenue growth and was at the bottom end of the guidance due to lower than guidance on total merchandise transactions and revenue net of transaction costs. He added that Affirm has now expressed willingness to compromise on gross merchandise volume growth to guarantee credit quality.