Affirm Analysts Increase Their Forecasts Following Earnings Beat
Portfolio Pulse from Lisa Levin
Affirm Holdings, Inc. (NASDAQ:AFRM) reported better-than-expected Q1 results, with losses of 57 cents per share and sales of $496.55 million, beating analyst consensus estimates. The company also provided Q2 revenue guidance of $495 million to $520 million. Following the earnings announcement, several analysts increased their price targets on Affirm. The company's shares jumped 18.8% to trade at $25.85 on Thursday.
November 09, 2023 | 6:33 pm
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POSITIVE IMPACT
Affirm Holdings reported better-than-expected Q1 results and provided Q2 revenue guidance, leading to an increase in its share price and analysts raising their price targets.
Affirm's better-than-expected Q1 results and positive Q2 guidance have led to a positive market reaction, with its share price increasing significantly. This has also prompted analysts to raise their price targets, indicating a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100