Affirm Stock Soars 31.9%: A Signal for Investors to Hold Tight?
Affirm(AFRM) ZACKS·2024-08-30 17:06
Shares of Affirm Holdings, Inc. (AFRM) surged 31.9% yesterday thanks to better-than-expected fourth-quarter fiscal 2024 results and optimistic guidance, including a goal to achieve operating income profitability on a GAAP basis in the fourth quarter of fiscal 2025. Its buy now, pay later (BNPL) services gained popularity during high inflation, driving its growth.AFRM’s Key Q4 DriversIts fourth-quarter fiscal 2024 results revealed a 19% year-over-year increase in active merchants to 303,000. Strength in gene ...