Affirm Surges On Strong Results, Analyst Praise, Long-Term Amazon Pact

Core Insights - Affirm Holdings, Inc. reported strong fiscal first-quarter results, exceeding analyst expectations and boosting investor confidence in its growth potential [1][2] - The company achieved earnings of $0.23 per share, significantly higher than the consensus estimate of $0.11, with revenue reaching $933.33 million, surpassing the forecast of $883.14 million and increasing from $698.47 million year-over-year [2] - Affirm's CEO attributed the record performance to consistent execution and operational strength, noting the highest-ever gross merchandise value (GMV) achieved during the quarter [3] Financial Performance - Earnings per share for the first quarter were $0.23, more than double the expected $0.11 [2] - Revenue for the quarter was $933.33 million, exceeding the forecast of $883.14 million and up from $698.47 million in the same quarter last year [2] - Affirm's gross merchandise value (GMV) reached a record high despite fewer shopping holidays [3] Analyst Ratings and Price Targets - JPMorgan analyst Reginald L. Smith maintained an Overweight rating with a price target of $94, anticipating further GMV and revenue growth [3] - BofA Securities analyst Jason Kupferberg kept a Buy rating and raised the price target from $94 to $98 following the earnings release [4] - Morgan Stanley's James Faucette maintained an Equal-Weight rating but lowered his target from $90 to $83, indicating differing views on valuation post-earnings [4] Strategic Partnerships - Affirm announced an expanded financing partnership with Amazon, entering into a new five-year agreement to offer installment loans to eligible Amazon shoppers [5] - The agreement will be effective from February 1, 2026, and includes automatic annual renewals unless terminated [5] Stock Performance - Following the earnings report, Affirm's shares rose by 9.15%, trading at $71.90 [6]