What's Going On With Affirm Stock After Earnings?
Portfolio Pulse from Erica Kollmann
Affirm Holdings, Inc. (NASDAQ:AFRM) shares surged after the company reported strong Q4 earnings, beating analyst estimates by 72% and showing a 50% revenue growth year-over-year. The company also provided strong Q1 guidance, leading to multiple analysts raising their price targets. AFRM shares are trading significantly above their 50-day moving average.
August 29, 2024 | 2:38 pm
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Affirm Holdings reported strong Q4 earnings, beating estimates by 72% and showing significant revenue growth. The company also provided strong Q1 guidance, leading to increased analyst price targets and a surge in stock price.
The strong earnings report and positive guidance indicate robust business performance, leading to increased investor confidence. Analysts raising price targets further supports a positive outlook, resulting in a significant stock price increase.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100