While someone at Affirm tweeted out earnings prior to the market close, the company ended up producing a pretty good Q2. Revenue during the quarter grew 77% to $361 million and beat expectations by nearly $30 million, equating to an 8% revenue beat.
Similarly, Is Affirm a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
What is the future of Affirm stock? Stock Price Forecast
The 15 analysts offering 12-month price forecasts for Affirm Holdings Inc have a median target of 62.00, with a high estimate of 96.00 and a low estimate of 35.00. The median estimate represents a +76.09% increase from the last price of 35.21.
Thereof, Will Affirm stocks go up?
Affirm expects its GMV to rise 76%-78% for the full year, and for its revenue to increase 48%-50%. Both estimates surpassed Wall Street’s expectations, and would only represent a slight slowdown from its 80% GMV growth and 71% revenue growth in fiscal 2021.
Why is Affirm so successful?
Affirm makes money from two revenue streams-one from customers and one from merchants. They charge customers an interest rate on loans they issue and they charge merchants a processing fee.
Is NIO a buy Zacks?
How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is PayPal a buy Zacks?
– Hold. Zacks’ proprietary data indicates that PayPal Holdings, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the PYPL shares relative to the market in the next few months.
Is Affirm a fintech stock?
Affirm ( AFRM 1.56% ), a provider of « buy now, pay later » (BNPL) services, has been a red-hot fintech stock this year. It went public in January at $49 per share, opened at $90.90 on the first day, and currently trades at nearly $120, which gives it a market cap of nearly $30 billion.
Who owns Affirm lending?
Max Levchin, Affirm’s founder and CEO, owns 27.5 million shares in the online lender, worth just over $1 billion at the top end of the company’s IPO price range. Levchin was previously a co-founder of PayPal, along with Peter Thiel, Elon Musk and others.
What company owns Affirm?
Affirm is a publicly traded financial technology company headquartered in San Francisco, United States.
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Affirm Holdings.
| Type | Public company |
|---|---|
| Industry | Finance |
| Founded | 2012 |
| Founders | Max Levchin Nathan Gettings Jeffrey Kaditz Alex Rampell |
What bank owns Affirm?
Affirm works with bank partners to originate many of its loans and said that Cross River Bank originates “a substantial majority of the loans facilitated through our platform.”
Is Ford a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is BYD a buy Zacks?
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 5 | Strong Sell | 2.64% |
| S&P | 500 | 11.20% |
Is NIO a good buy right now?
Bottom line: Nio stock is not a buy right now.
Is FB a Buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is awk a good stock to buy?
AWK Remains a Solid Retirement Stock
It has increased the dividend by 10% over the last eight years. And the payout ratio of just over 61% should give investors plenty of confidence of future growth.
Is Apple a buy or sell?
The Apple stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Will Affirm stock bounce back?
That’s attractive to be sure. And it has caused investors to pile into AFRM stock which has shown strong growth. However, it fell in the tech sell off. Unfortunately, it hasn’t bounced back.
Who owns Affirm credit?
Affirm is an American financial technology company based in San Francisco founded by PayPal founder Max Levchin. Affirm lets users take out microloans at the point of sale with participating vendors and aims to provide a quick, transparent, and more inclusive lending alternative to credit cards.
Which is better PayPal or Affirm?
1 PayPal has better usage coverage in more websites categories. Including Computers Electronics & Technology, Lifestyle, Games, Arts & Entertainment and 20 other categories. 2 Affirm hasn’t got a lead over PayPal in any websites category.
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