Affirm: Stunning Acceleration In Growth And Margin Expansion (Rating Upgrade)

Cn0ra/iStock via Getty Images Affirm (NASDAQ:AFRM) has shown great resilience amidst the higher interest rate environment. It was just one year ago when the company had seen its unit-level margins contract below its target range, and Wall Street responded with extreme bearishness. In the many quarters since then, management re-calibrated their credit management policies, which has brought their unit-level margins back within their targeted range without impacting their ability to grow GMV at incredible rate ...