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Aug 29, 2024 10:50 AM

What's Going On With Affirm Stock After Earnings?

Affirm Holdings, Inc. (NASDAQ:AFRM) shares are surging Thursday after the company posted strong fourth-quarter financial results on Wednesday after the market closed.

The Details:

Affirm's fourth-quarter earnings beat the analyst estimate by 72%, and revenue for the quarter grew nearly 50% year-over-year. The company said GMV increased by more than 30%, and transactions on the Affirm network grew 42% year-over-year. 

On top of its blockbuster earnings report, Affirm issued first-quarter guidance well above estimates. 

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Multiple analysts adjusted price targets on Affirm stock following the print: 

RBC Capital maintained a Sector Perform rating and ...