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Citizens analyst David Scharf reiterates Affirm Holdings (NASDAQ:AFRM) with a Market Outperform and maintains $85 price target.
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Affirm Holdings (AFRM) closed at $73.55, up 2.95% on the day, outperforming the broader market decline. The company is expected to report EPS of $0.34 (up 47.83% YoY) and revenue of $1.21 billion (up 29.95% YoY). However, full-year earnings are projected to decline 66.18% YoY. AFRM trades at a Forward P/E of 38.13, significantly above its industry average of 19.75, and carries a Zacks Rank #3 (Hold) rating.
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