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SweeKuan
2022-05-18

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Affirm Raises Outlook For FY 2022: No Changes In Bullish Narrative

@Smartkarma Research Network：

We are moving our price target to $70.00 from $76.00, which we believe is fair and conservative. We model total revenue rising to ~$1.98B in FY’23, up 48% year-over-year. Fintech unicorn could report strong earnings results for FY Q3 2022. Total revenue increased by 54% year-over-year, and net loss narrowed to ~$55M for the reporting period. Affirm Holdings (AFRM US) closed a $500M revolving ABS deal and added $2.5B in new funding capacity from various partners. Total funding capacity was ~$9B, marking a 55% YoY increase. Sovereign wealth fund GIC Singapore acquired ~$126 million worth of Affirm Holdings (AFRM US) shares in April at an average of $33.00 per share. By Andrei Zakharov - https://www.smartkarma.com/profiles/andrei-zakharov?utm_source=tiger_community On Affirm Holdings (AFRM US) - https://www.smartkarma.com/entities/affirm-holdings?utm_source=tiger_community

Affirm Raises Outlook For FY 2022: No Changes In Bullish Narrative

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Total revenue increased by 54% year-over-year, and net loss narrowed to ~$55M for the reporting period.</li> \n <li> Affirm Holdings (AFRM US)&nbsp; closed a $500M revolving ABS deal and added $2.5B in new funding capacity from various partners. Total funding capacity was ~$9B, marking a 55% YoY increase.&nbsp;&nbsp;</li> \n <li>Sovereign wealth fund GIC Singapore acquired ~$126 million worth of Affirm Holdings (AFRM US)&nbsp; shares in April at an average of <strong>$33.00</strong>&nbsp;per share.</li> \n</ul> <p>By Andrei Zakharov - https://www.smartkarma.com/profiles/andrei-zakharov?utm_source=tiger_community</p> <p>On Affirm Holdings (AFRM US) - https://www.smartkarma.com/entities/affirm-holdings?utm_source=tiger_community</p></body></html>","text":"We are moving our price target to $70.00 from $76.00, which we believe is fair and conservative. We model total revenue rising to ~$1.98B in FY’23, up 48% year-over-year. 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