US Stock Market Move | Q4 revenue forecast lower than expected, Affirm Holdings (AFRM.US) drops more than 7.7%
As of the time of publication, the stock has fallen more than 7.7%, trading at 50.06 U.S. dollars.
On Friday, Affirm Holdings (AFRM.US) stock price fell, dropping over 7.7% to $50.06 as of the time of writing. Affirm's revenue forecast for the fourth quarter is between $815 million and $845 million, with a midpoint of $830 million, lower than the estimated $841 million, disappointing investors. However, Bank of America Securities analyst Jason Kupferberg maintains a "buy" rating on the stock and has raised the price target from $76 to $80.
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