Affirm (AFRM) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Affirm in the last twelve months. There are currently 4 sell ratings, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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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17 brokers have issued 1-year price objectives for Affirm's stock. Their AFRM share price forecasts range from $10.00 to $25.00. On average, they anticipate the company's share price to reach $16.22 in the next twelve months. This suggests that the stock has a possible downside of 18.2%.
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Affirm's stock was trading at $9.67 on January 1st, 2023. Since then, AFRM shares have increased by 105.0% and is now trading at $19.82.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Affirm Holdings, Inc. (NASDAQ:AFRM) announced its earnings results on Thursday, August, 24th. The company reported ($0.69) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.87) by $0.18. The company earned $445.83 million during the quarter, compared to analysts' expectations of $406.18 million. Affirm had a negative trailing twelve-month return on equity of 38.95% and a negative net margin of 62.05%. The business's revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.65) earnings per share.

ETFs with the largest weight of Affirm (NASDAQ:AFRM) stock in their portfolio include Roundhill MEME ETF (MEME), Amplify Online Retail ETF (IBUY), ETFMG Prime Mobile Payments ETF (IPAY), Harbor Corporate Culture Small Cap ETF (HAPS), Global X FinTech Thematic ETF (FINX), Renaissance IPO ETF (IPO) and IQ U.S. Mid Cap R&D Leaders ETF (MRND).JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC).

Affirm updated its first quarter 2024 earnings guidance on Saturday, August, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $430.00 million-$455.00 million, compared to the consensus revenue estimate of $429.86 million.

(AFRM) raised $873 million in an initial public offering (IPO) on Wednesday, January 13th 2021. The company issued 24,600,000 shares at $33.00-$38.00 per share. Morgan Stanley, Goldman Sachs and Allen & Company served 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 institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (7.45%), Baillie Gifford & Co. (6.56%), Capital World Investors (5.68%), Citadel Advisors LLC (0.00%), Geode Capital Management LLC (1.09%) and Spyglass Capital Management LLC (1.00%). 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 $19.82.

Affirm (NASDAQ:AFRM) has a market capitalization of $5.93 billion and generates $1.59 billion in revenue each year. The company earns $-985,340,000.00 in net income (profit) each year or ($3.34) on an earnings per share basis.

The company employs 2,171 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.