Affirm jumps as revenue forecast exceeds estimates
AFRM•Consumer growth and broker views
- AFRM reports 27.8 million active consumers, up 21% YoY
- Twenty-six of 35 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $96
- Up to the last close, AFRM was up 4.1% YTD, compared with a 14.2% gain in the Nasdaq .IXIC
Analysts point to continued growth
- "We see FY27 setting up as another strong year, supported by expansion into new verticals and geographies and continued growth of Affirm Card," Jefferies analyst says in a note
- "We believe the card will be a continued source of growth as AFRM continues to make it easier for customers to use the card in store," TD Cowen says
Shares rise after strong revenue outlook
- Shares of Affirm Holdings (AFRM.O) jump 12% to $86.8 premarket
- The buy now, pay later lender forecasts Q1 revenue of $1.19 billion to $1.22 billion, above analysts' estimates of $1.14 billion, per data compiled by LSEG
- It reported Q4 revenue of $1.17 billion versus analysts' estimates of $1.10 billion
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