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