In a report released today, Kyle Peterson from Needham reiterated a Hold rating on Affirm Holdings (AFRM – Research Report). The company’s shares opened today at $30.44.
According to TipRanks, Peterson is a 4-star analyst with an average return of 7.2% and a 50.82% success rate. Peterson covers the Industrials sector, focusing on stocks such as Equifax, TriNet Group, and TransUnion.
The word on The Street in general, suggests a Hold analyst consensus rating for Affirm Holdings with a $39.00 average price target.
Based on Affirm Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $591.11 million and a GAAP net loss of $166.9 million. In comparison, last year the company earned a revenue of $399.56 million and had a GAAP net loss of $322.44 million
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Affirm Holdings (AFRM) Company Description:
Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a major share of its revenue from the United States.
Read More on AFRM:
- Affirm price target lowered to $41 from $50 at Barclays
- UPS upgraded, PepsiCo downgraded: Wall Street’s top analyst calls
- Needham starts Affirm at Hold on high valuation and stock-based compensation
- Affirm initiated with a Hold at Needham
- Affirm Holdings call volume above normal and directionally bullish
