What's Going On With Affirm Stock After Earnings?
Portfolio Pulse from Erica Kollmann
Affirm Holdings, Inc. (NASDAQ:AFRM) reported Q3 financial results with earnings and revenue beating analyst estimates, leading to a slight after-hours stock price increase. Despite this, shares closed lower on the day of the announcement. JP Morgan analyst Reginald Smith maintained a Neutral rating on AFRM. The stock's performance and analyst ratings suggest mixed sentiments, with an average 12-month price target of $33.57, indicating potential upside.
May 08, 2024 | 10:24 pm
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Affirm Holdings reported better-than-expected Q3 results, with a slight after-hours stock price increase, but closed lower on announcement day. Analyst sentiment is mixed, with a potential upside based on the average price target.
Despite beating earnings and revenue estimates, AFRM's stock closed lower, indicating mixed market reactions. The slight after-hours increase suggests some positive sentiment, but the overall neutral analyst ratings and close proximity to the average price target suggest limited short-term movement. The stock's performance relative to analyst expectations and its year-to-date increase may influence investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100