Affirm Holdings, Inc. AFRM reported better than expected Q3 results.
Confirming reported third quarter revenue of $380.98 million, exceed estimates of $369.97 million. The company reported a quarterly loss of 69 cents per share, beating estimates for a loss of 92 cents per share.
Affirm said it sees fourth-quarter revenue of $390-$415 million and FY23 revenue of $1.532-$1.557 billion.
Affirm shares fell 3% to $11.96 on Wednesday.
These analysts changed their price targets to Affirm after the company released quarterly results.
- MorganStanley lowering the price target on Affirm from $15 to $14. Morgan Stanley analyst James Faucette maintained an equal weight rating.
- Webusch Affirm price target lowered to $9 from $10. Wedbush analyst David Chiaverini kept an underperform rating on the stock.
- Piper Sandler Confirmed price target reduced to $11 from $13. Piper Sandler analyst Kevin Barker kept a neutral rating on the stock.
- CreditSuisse Analyst Timothy Chiodo, meanwhile, reiterated a neutral stance on Affirm Holdings, keeping a price target of $16.
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