Affirm Shrugs Off Consumer Fears. Why Analysts Are Split on the Stock.
Wall Street analysts are divided on whether now is the right time to invest in Affirm Holdings stock, as the pay later company dismisses concerns about consumer strains.
Topics
Posted 8/25/2023, 12:38:00 PM
barrons.com
Relevant topic timeline:
Affirm Holdings stock rose 10.8% after exceeding quarterly expectations, while Nordstrom's shares fell 4% despite reporting better earnings and revenue, and Gap saw a small increase in shares despite mixed results; Marvell Tech's shares tumbled 5% despite surpassing estimates, Ulta Beauty had positive second-quarter results with a 2% increase in shares, Intuit's shares fell over 2% despite beating earnings, and Workday's stock jumped 4% after surpassing expectations and raising its fiscal revenue forecast.
Affirm shares surged 26% after the buy now, pay later firm exceeded expectations in its fiscal fourth-quarter results and provided positive guidance for the first quarter, despite challenges posed by rising interest rates and the resumption of student loan payments.