Affirm (AFRM) Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Affirm in the last year. There are currently 2 sell ratings, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AFRM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AFRM, but not buy additional shares or sell existing shares.
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16 Wall Street analysts have issued 12-month price objectives for Affirm's shares. Their AFRM share price forecasts range from $10.00 to $40.00. On average, they expect the company's share price to reach $16.21 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
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Affirm's stock was trading at $9.67 on January 1st, 2023. Since then, AFRM stock has increased by 45.6% and is now trading at $14.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
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Affirm Holdings, Inc. (NASDAQ:AFRM) announced its quarterly earnings results on Tuesday, May, 9th. The company reported ($0.69) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.91) by $0.22. The business earned $380.98 million during the quarter, compared to analysts' expectations of $371.96 million. Affirm had a negative net margin of 64.12% and a negative trailing twelve-month return on equity of 37.86%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share.

ETFs with the largest weight of Affirm (NASDAQ:AFRM) stock in their portfolio include Amplify Online Retail ETF (IBUY), ETFMG Prime Mobile Payments ETF (IPAY), IQ U.S. Mid Cap R&D Leaders ETF (MRND), Global X FinTech Thematic ETF (FINX), Renaissance IPO ETF (IPO), AOT Growth & Innovation ETF (AOTG), Global X Founder-Run Companies ETF (BOSS) and AAM Transformers ETF (TRFM).

Affirm updated its fourth quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $390.00 million-$415.00 million, compared to the consensus revenue estimate of $389.67 million.

(AFRM) raised $873 million in an initial public offering on Wednesday, January 13th 2021. The company issued 24,600,000 shares at a price of $33.00-$38.00 per share. Morgan Stanley, Goldman Sachs and Allen & Company acted as the underwriters for the IPO and RBC Capital Markets, Credit Suisse, Barclays, Truist Securities, Siebert Williams Shank and Deutsche Bank Securities were co-managers.

Affirm trades on the NASDAQ under the ticker symbol "AFRM."

Affirm's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (6.80%), Price T Rowe Associates Inc. MD (3.38%), Geode Capital Management LLC (1.06%), Susquehanna International Group LLP (0.00%), Three Bridge Wealth Advisors LLC (0.77%) and Leo Brokerage LLC (0.46%). Insiders that own company stock include Del Castillo Sharda Caro, Founders Fund V Management, Ll, Jeremy Philips, Katherine Adkins, Keith Rabois, Michael Linford, Private Ltd Gic and Siphelele Jiyane.
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Shares of AFRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AFRM stock can currently be purchased for approximately $14.08.

Affirm (NASDAQ:AFRM) has a market capitalization of $4.16 billion and generates $1.35 billion in revenue each year. The company earns $-707,420,000.00 in net income (profit) each year or ($3.30) on an earnings per share basis.

The company employs 2,552 workers across the globe.

Affirm's mailing address is 650 CALIFORNIA STREET, SAN FRANCISCO CA, 94108. The official website for the company is www.affirm.com. The company can be reached via phone at 415-984-0490 or via email at ir@affirm.com.