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home / news releases / AFRM - Affirm: Stunning Acceleration In Growth And Margin Expansion (Ratings Upgrade)

AFRM - Affirm: Stunning Acceleration In Growth And Margin Expansion (Ratings Upgrade)

Affirm Holdings Inc.

2024-04-07 09:55:48 ET

Summary

  • Higher interest rates were supposed to kill BNPL companies. Affirm has passed the test.
  • Affirm has seen GMV growth accelerate sequentially for 3 consecutive quarters, and unit-level margins have stabilized.
  • Management is back to "beat and raise" quarters, with its beats being of surprising amounts.
  • I am upgrading the stock to buy.

...

For further details see:

Affirm: Stunning Acceleration In Growth And Margin Expansion (Ratings Upgrade)
Stock Information
Company Name: Affirm Holdings Inc.
Stock Symbol: AFRM
Market: NASDAQ
Website: affirm.com
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