On September 2, Affirm Holdings, Inc. rose 5.34% in regular trading, trading at $73.75/share, with turnover of approximately $75.89 million. The stock had previously pulled back sharply from a post-earnings high near $90.44, declining to around $70 in recent sessions.
On the news front, Scotiabank initiated coverage of Affirm Holdings, Inc. with a Sector Outperform rating. According to analyst consensus compiled by FactSet, the stock carries an average overweight rating with a mean price target of $100.37, well above the current trading level. The initiation adds to a wave of bullish analyst activity following the company's fiscal Q4 earnings report, which showed revenue of $1.165 billion and EPS of $4.62, both significantly exceeding expectations. GMV surged 36% year-over-year to $14.1 billion. Multiple brokerages, including BofA, RBC, and UBS, raised their price targets post-earnings, citing sustained GMV growth momentum, expanding Affirm Card adoption, and stable credit performance. The company's fiscal Q1 revenue guidance of $1.19 billion to $1.22 billion also topped the consensus estimate of $1.16 billion.
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