
Affirm Holdings Stock Surges After Q1 Beat & Raise
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Related Stocks:AFRM
Fintech firm Affirm Holdings Inc. (NASDAQ: AFRM) saw its shares jump as much as 11.2% following a strong fiscal first quarter. The company reported earnings of $0.23 per share on revenue of $933.3 million — both ahead of expectations. The kicker: full‑year gross merchandise value (GMV) guidance came in at $47.5 billion, topping analyst forecasts.
On the analyst front, Morgan Stanley lowered its price target from $90 to $83, while Bank of America Global Securities raised its target from $94 to $98. The 12‑month consensus sits at about $94.26 — roughly a 29% premium to current levels.
Notably, options trading lit up: approximately 26,000 calls and 14,000 puts exchanged hands, quadruple the usual volume.
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