Needham Lifts Affirm Target to $100 on Credit Strength, Shopify Australia Push
AFRM sits 91% above its 52-week low of $42.095 on elevated volume (4.2× avg).
Summary
Affirm's post-earnings rally gets fresh fuel from Needham's price target hike to $100 from $90, with the analyst citing strong credit performance and a resilient consumer base. The company's Q4 GMV of $14.1B beat estimates by 5%, and revenue of $1.17B topped consensus. Management's FY27 outlook calls for GMV above $64B and adjusted operating margin above 30.5%, well ahead of Street expectations. The expanded Shopify partnership to launch Shop Pay Installments in Australia adds another growth lever. This follows yesterday's blowout Q4 report and 8% after-hours pop, with the stock now up 4.5% intraday.
At the time of this announcement, AFRM was trading at $80.37 on NASDAQ in the Finance sector, with a market capitalization of approximately $26.9B. The 52-week trading range was $42.10 to $100.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.