Affirm Holdings Inc (NASDAQ:AFRM) stock remains in focus after the company delivered stronger-than-expected fourth-quarter results and issued an above-consensus fiscal 2027 outlook, prompting Needham to raise its price forecast.
Needham Highlights Strong Growth And Credit Performance
Needham analyst Kyle Peterson maintained a Buy rating on Affirm and raised his price forecast to $100 from $90, citing strong execution across growth, profitability, credit and funding.
Fourth-quarter gross merchandise volume reached $14.1 billion, up 35.6% year over year and above Needham’s $13.4 billion estimate.
Revenue increased 33% to $1.17 billion, topping Needham’s $1.11 billion estimate and the $1.16 billion consensus. Revenue less transaction costs reached $589.3 million, above Needham’s $542.5 million estimate and the $550.3 million consensus.
