Affirm Holdings Selloff Is 'Baffling': Analysts Dive Into Financial Results [Yahoo! Finance]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Yahoo! Finance
The results came amid an exciting earnings season . Here are some key analyst takeaways. JPMorgan On Affirm Holdings Analyst Reginald Smith upgraded the rating from Neutral to Overweight, while raising the price target from $41 to $43. The steep decline in Affirm's shares on Wednesday, despite the company posting another headline and operating margin beat and announcing a better-than-feared GMV outlook for the fiscal fourth quarter, "was baffling," Smith said in a note. Affirm Card active cardholders surpassed the one million mark, rising from 700,000 in the previous quarter, he added. Pay Now is increasing as a percentage of Card GMV, "which may be a sign of progress towards becoming a top-of-wallet card," the analyst wrote. "In light of strong recent performance, Affirm is beginning to open their risk aperture, which includes offering better credits lower APRs to drive incremental GMV growth, as well as expanding their credit box at the margin," he added. Goldman Sachs On
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News
- Affirm Holdings (AFRM) Crossed Above the 200-Day Moving Average: What That Means for Investors [Yahoo! Finance]Yahoo! Finance
- Affirm Holdings, Inc. (AFRM) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Affirm: More Room To Grow In A Favorable BNPL Landscape [Seeking Alpha]Seeking Alpha
- Affirm Holdings (AFRM) Recently Broke Out Above the 20-Day Moving Average [Yahoo! Finance]Yahoo! Finance
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its price target lowered by analysts at BMO Capital Markets from $48.00 to $46.00. They now have a "market perform" rating on the stock.MarketBeat
AFRM
Earnings
- 5/8/24 - Beat
AFRM
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/3/24 - Form 4
- AFRM's page on the SEC website