Affirm Holdings Shares Up 32% Following Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/AFRM'>Affirm Holdings, Inc. (NASDAQ:AFRM) </a>shares were trading 32% higher today following the company’s reported Q4 results, with gross merchandise volume (GMV) growing 106% year-over-year to $2.5 billion, beating the consensus estimate of $2.34 billion, and revenue growing 71% year-over-year to $262 million, again higher than the Street estimate of $224 million.
The company provided its outlook for the full 2022-year, expecting GMV of $12.45 billion–$12.75 billion and revenue of $1.16 billion–$1.19 billion, compared to the consensus estimates of $12.0 billion and $1.16 billion.</p>
<p>Despite headwinds associating with Peloton in 2022, guidance was better than expected and excludes the company’s new partnership with Amazon & its new AFRM Debit+ product.</p>
<p>Analysts at RBC Capital increased their price target on the company’s shares to $130 from $124 following the quarterly results, increasing their full 2022-year and 2023-year revenue estimates to $1,178 million and $1,639 million from $1,101 million and $1,458 million, respectively.</p>


NASDAQ:AFRM