Affirm's stock is sinking. Here's why debating its valuation may be ‘fruitless.
Affirm Holdings Inc.’s stock had run up about 125% in the three months before its latest earnings report. That sort of rally helped set the bar “too high,” according to an analyst. Thus, while Affirm AFRM, -13.27% beat expectations with its fiscal second-quarter results Thursday, Wall Street was perhaps disappointed by an outlook for the second half of the fiscal year that implied slowing growth on revenue, adjusted operating income and gross merchandise volume, wrote Piper Sandler’s Kevin Barker. “This gui ...