Wells Fargo analyst Andrew Bauch has maintained their bullish stance on AFRM stock, giving a Buy rating today.
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Andrew Bauch’s rating is based on Affirm Holdings’ strong performance in its recent financial quarter, where the company exceeded expectations in Gross Merchandise Volume (GMV), achieving a 36% year-over-year growth. This positive trend is further supported by management’s decision to increase their full-year GMV guidance, indicating confidence in continued growth.
Additionally, the growth in active cardholders by 18% quarter-over-quarter suggests a robust consumer adoption of Affirm’s products. Despite some areas falling slightly below expectations, such as RLTC dollars and adjusted operating income margins, the overall outlook remains positive, justifying the Buy rating.