On September 1, Affirm Holdings, Inc. fell 5.13% in regular trading, trading at $70.575 per share with turnover of $134 million. The decline marks a continuation of the sharp pullback from the post-Q4 earnings high, with the stock now trading well below the pre-report level of approximately $77.
Affirm reported fiscal Q4 results on August 27 that widely exceeded expectations, posting revenue of $1.165 billion versus the $1.106 billion estimate, EPS of $4.62 versus the $0.36 consensus, and GMV growth of 36% to $14.1 billion. The stock initially surged to $90.44 in after-hours trading. Multiple analysts raised price targets following the report, with RBC lifting its target to $96, UBS to $90, and BofA maintaining a buy rating. Fiscal Q1 revenue guidance of $1.19-$1.22 billion also topped the $1.16 billion estimate.
Despite the strong fundamental backdrop and broadly positive analyst sentiment, the stock has experienced a sharp reversal, with post-earnings gains fully unwound. The current price sits roughly 22% below the post-earnings peak, reflecting sustained selling pressure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)