DEC, AFRM, CRNC, ANGO and GIII have been added to the Zacks Rank #1 (Strong Buy) List on September 9, 2024.
Robinhood's retail trading business is heating up again. Affirm is scaling up its buy now, pay later platform as some of its competitors retreat.
SUPV, AIRI and AFRM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 5, 2024.
BCH, AFRM, ICAGY, AIRI and CLCO have been added to the Zacks Rank #1 (Strong Buy) List on September 5, 2024.
Does Affirm Holdings (AFRM) have what it takes to be a top stock pick for momentum investors? Let's find out.
These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
Affirm Holdings surged 32% after surpassing profit targets and forecasting positive GAAP operating income, driven by 48% YoY sales growth in its BNPL platform. The fintech's $659M in 4Q24 sales and $7.2B in Gross Merchandise Volume highlight robust demand for credit card alternatives and strong interest income growth. Affirm's sales forecast of $640M-$670M for 1Q25 exceeds Wall Street expectations, with a market valuation reflecting a reasonable 3.6x sales multiple.
AFRM is focused on boosting transactions to achieve its profitability goals.
Affirm's user base includes middle-income consumers with manageable debt, debunking misconceptions that it primarily serves financially insecure individuals. Affirm's partnerships with major players like Shopify and Amazon have driven growth, attracting prime customers and increasing spending. Affirm demonstrates superior credit risk management and capital efficiency compared to large banks, with lower delinquency rates and higher return ratios.
Affirm Holdings (AFRM) shares are surging after the buy now, pay later (BNPL) fintech company posted better-than-expected fiscal fourth-quarter results and strong guidance after the bell Wednesday.
AFRM expects GMV of more than $33.5 billion in fiscal 2025.
Affirm shares surged Thursday following a beat on the top and bottom lines. The company reported a per share loss of 14 cents, while analysts were expecting a loss of 51 cents per share.