Affirm Holdings, Inc. (NASDAQ:AFRM) shares closed higher by 3.77% at $34.11 on Monday, despite a nearly 12% decline over the past month. Needham analyst Kyle Peterson initiated coverage with a Hold rating, citing the company as a long-term winner in the buy-now pay-later space but noting concerns over stock-based compensation. The Federal Reserve's recent meeting and economic data suggest fewer rate cuts in 2024, potentially impacting Affirm's stock. Affirm's shares are trading below their 50-day moving average and well below their 52-week high. A trend analysis forecasts a potential decline in Affirm's stock to $11.63 by 2030 based on its past 5-year annualized performance of -19.36%.