Street View: Affirm soars after revenue forecast exceeds estimates
AFRM•Affirm raises first-quarter outlook and shares jump
Affirm Holdings forecast first-quarter revenue above Wall Street expectations on Thursday after market close.
Shares jumped 15% in early trading.
Analysts point to strong credit performance and growth drivers
The median price target of 35 brokerages covering the stock is $100 — LSEG data.
- Needham (
buy, PT: $100) said strong credit performance reflects resilient consumers and its transaction-based underwriting model. - BofA (
buy, PT: $93) said AFRM remains best in class among BNPL providers, underscoring the strength of its underwriting and risk management. - TD Cowen (PT: $124) said its card and international business will be growth drivers, with the U.K. becoming more meaningful going forward.
- Morgan Stanley (
equal weight, PT: $82) said KPIs are indicative of its ability to offer attractive financing options to an expanding range of consumers, from lower income to high income.
