Affirm Holdings Gets Price Target Cuts From Analysts Following Q3 Results

Affirm Holdings, Inc. AFRM reported better-than-expected Q3 results.

Affirm reported fiscal third-quarter revenue of $380.98 million, which beat estimates of $369.97 million. The company reported a quarterly loss of 69 cents per share, which beat estimates for a loss of 92 cents per share.

Affirm said it sees Q4 revenue of $390 million to $415 million and FY23 revenue of $1.532 billion to $1.557 billion.

Affirm shares fell 3% to $11.96 on Wednesday.

These analysts made changes to their price targets on Affirm after the company reported quarterly results.

• Morgan Stanley cut the price target on Affirm from $15 to $14. Morgan Stanley analyst James Faucette maintained an Equal-Weight rating.
• Wedbush lowered Affirm price target from $10 to $9. Wedbush analyst David Chiaverini maintained an Underperform rating on the stock.
• Piper Sandler cut Affirm price target from $13 to $11. Piper Sandler analyst Kevin Barker maintained a Neutral rating on the stock.
• Credit Suisse analyst Timothy Chiodo, meanwhile, reiterated Affirm Holdings with a Neutral and maintained a $16 price target.