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Why is Wall Street so divided on Affirm Despite strong Reports?

 
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Affirm reported its results for the fourth quarter and posted a smaller than expected loss of 69 cents per share on revenues of $446 million. Analysts had expected a loss of 85 cents on revenue of $406 million. Analysts are still divided about the stock as Affirm shrugged off concerns about the expected pressure on consumers.

 

Affirm's ability to increase revenue while maintaining a decrease in the rate of borrowers who fail to meet payments is the main factor why Mizuho analyst Dan Dolev kept his buy recommendation on the stock and his target price at $20.

 

"There is a healthy acceleration in transactions per active customer, which suggests stronger engagement than ever. The success of Efiram's new credit card should get the main next," said Dan Dolev.

 

Increasing revenues while maintaining a decrease in the rate of borrowers who fail to meet payments is the main factor why Mizuho analyst Dan Dolev kept his buy recommendation for the stock and his target price at $20. "There is a healthy acceleration in transactions per active customer, which suggests stronger engagement than ever.

 

Affirm has struggled with expectations that restarting student loan payments this fall will hurt its borrowers. The company's executives said that they expect the resumption of payments to be a slight headwind and that this is included in its forecast going forward. Affirm also faced increased competition this year, after Apple introduced its own "buy now, pay later" service.

 

Affirm's CEO, Max Levchin, said that the company remains the best at assessing and managing risks associated with lending services and that he does not expect the increased competition to harm the company's future results.

 
 

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Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.

 
 
 
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Disclaimer: The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.

Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").

This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.