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Affirm Holdings Selloff Is 'Baffling': Analysts Dive Into Financial Results

Benzinga ·  May 9 11:53

Shares ofAffirm Holdings Inc(NASDAQ:AFRM) were climbing in early trading on Thursday, after dropping more than 9% on Wednesday, after the company reported its fiscal third-quarter results.

The results came amid an exciting earnings season. Here are some key analyst takeaways.

JPMorgan On Affirm Holdings

Analyst Reginald Smith upgraded the rating from Neutral to Overweight, while raising the price target from $41 to $43.

The steep decline in Affirm's shares on Wednesday, despite the company posting another headline and operating margin beat and announcing a better-than-feared GMV outlook for the fiscal fourth quarter, "was baffling," Smith said...

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