Affirm Analysts Increase Their Forecasts Following Earnings Beat

Affirm Holdings, Inc. AFRM reported better-than-expected first-quarter financial results on Wednesday.

Affirm reported quarterly losses of 57 cents per share, which beat the analyst consensus estimate of losses of 70 cents. The company reported quarterly sales of $496.55 million, which beat the analyst consensus estimate of $444.77 million.

The company said it sees second-quarter revenue between $495 million and $520 million, versus the $502.39 million estimate

Affirm shares jumped 18.8% to trade at $25.85 on Thursday.

These analysts made changes to their price targets on Affirm following earnings announcement.

• Wedbush increased the price target on Affirm from $10 to $15. Wedbush analyst David Chiaverini maintained an Underperform rating.
• Wells Fargo raised the price target on Affirm from $17 to $20. Wells Fargo analyst Andrew Bauch maintained an Equal-Weight rating.
• RBC Capital boosted the price target on Affirm from $17 to $26. RBC Capital analyst Daniel Perlin maintained a Sector Perform rating.

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