- Affirm recently provided an update to Q3 and FY2022 guidance after news surfaced that an investor backed out of their asset-backed securities sale.
- Fears around a potential recession, slowdown in consumer spending, and higher inflation/interest rates likely remain headwinds to the stock over coming quarters.
- In a bullish-case scenario, the stock is currently trading ~7.7x FY2024 revenue less transaction costs, which does not appear overly attractive given continued operating losses.
For further details see:
Affirm: Avoiding Into Upcoming Earnings Given Numerous Headwinds