Stephens Has Lowered Expectations for Affirm (NASDAQ:AFRM) Stock Price

Key Points

• Stephens cut its Affirm price target from $90 to $80 while maintaining an “equal weight” rating; the new target implies 17.31% upside from the prior close.
• Analyst views remain broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average target of $96.81, despite mixed target revisions from other firms.
• Affirm reported quarterly EPS of $0.47, beating the $0.38 consensus, while revenue of $1.15 billion fell short of estimates; revenue grew 35.2% year over year.

Affirm (NASDAQ:AFRM - Get Free Report) had its target price lowered by analysts at Stephens from $90.00 to $80.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Stephens's price objective suggests a potential upside of 17.31% from the company's previous close.

Several other research analysts have also recently weighed in on AFRM. Susquehanna raised their target price on Affirm from $105.00 to $110.00 and gave the company a "positive" rating in a research note on Friday, August 28th. Piper Sandler reduced their price objective on shares of Affirm from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Friday. Zacks Research raised shares of Affirm from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 27th. BMO Capital Markets reiterated an "outperform" rating on shares of Affirm in a report on Wednesday, September 9th. Finally, Wolfe Research reissued an "outperform" rating on shares of Affirm in a research note on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $96.81.

Affirm Price Performance

Shares of NASDAQ AFRM traded down $1.47 during mid-day trading on Friday, reaching $68.19. 7,667,496 shares of the company traded hands, compared to its average volume of 5,108,159. Affirm has a fifty-two week low of $42.10 and a fifty-two week high of $90.44. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80. The firm has a market cap of $23.01 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.07 and a beta of 3.74. The stock has a fifty day simple moving average of $72.73 and a 200-day simple moving average of $66.57.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.09. Affirm had a return on equity of 47.91% and a net margin of 45.29%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $0.23 EPS. The firm's quarterly revenue was up 35.2% on a year-over-year basis. Equities research analysts anticipate that Affirm will post 1.89 EPS for the current fiscal year.

Insider Activity

In other Affirm news, COO Michael Linford sold 79,219 shares of the business's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $90.01, for a total transaction of $7,130,502.19. Following the sale, the chief operating officer directly owned 120,713 shares of the company's stock, valued at $10,865,377.13. The trade was a 39.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Siphelele Jiyane sold 26,980 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $72.19, for a total value of $1,947,686.20. Following the completion of the sale, the chief accounting officer owned 188,711 shares of the company's stock, valued at $13,623,047.09. The trade was a 12.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 280,118 shares of company stock worth $22,223,307 in the last quarter. Insiders own 11.01% of the company's stock.

Institutional Investors Weigh In On Affirm

Several hedge funds have recently bought and sold shares of the business. Allworth Financial LP increased its stake in Affirm by 5.8% during the third quarter. Allworth Financial LP now owns 3,153 shares of the company's stock valued at $218,000 after acquiring an additional 173 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of Affirm by 8.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 17,035 shares of the company's stock worth $1,179,000 after acquiring an additional 1,298 shares during the period. Machina Capital S.A.S. acquired a new stake in shares of Affirm during the 3rd quarter worth approximately $208,000. Lido Advisors LLC grew its holdings in shares of Affirm by 52.2% during the 3rd quarter. Lido Advisors LLC now owns 7,800 shares of the company's stock worth $540,000 after purchasing an additional 2,675 shares in the last quarter. Finally, Keybank National Association OH increased its position in shares of Affirm by 90.5% during the third quarter. Keybank National Association OH now owns 5,539 shares of the company's stock valued at $383,000 after purchasing an additional 2,632 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm News Summary

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm beat fiscal Q1 2027 earnings expectations, with EPS of $0.47 versus estimates of $0.38. Gross merchandise volume rose 34%, and cardholders more than doubled, indicating continued expansion. Affirm Q1 Earnings Beat Estimates on Strong GMV and Card Growth
• Positive Sentiment: Management is targeting growth above 30% in fiscal 2027, citing AI-driven underwriting, card expansion and new financing opportunities. It also forecast Q2 revenue of $1.4 billion to $1.5 billion, around or above the consensus estimate. Affirm Q1 Earnings Call Highlights
• Neutral Sentiment: Barclays and Piper Sandler lowered their price targets but retained Overweight ratings; Citizens JMP reaffirmed Market Outperform. Some analysts also view concerns about late payments as overstated. Late Payments Overshadow Affirm’s Earnings Beat
• Negative Sentiment: Higher credit-loss provisions and late-payment concerns remain key risks, potentially offsetting growth and earnings gains. Affirm also traded amid weakness across retail-facing fintech stocks, which a report linked to falling cryptocurrency prices and political uncertainty. Fintech Stocks Weighed Down by Crypto and Political Concerns

About Affirm

Affirm Holdings, Inc NASDAQ: AFRM operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.

Affirm's platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.

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