Affirm Holdings Inc (NASDAQ:AFRM) traded lower on Thursday as investors positioned ahead of the company’s second-quarter fiscal 2026 earnings report scheduled for release after the market close.
Earnings Expectations
Analysts expect Affirm Holdings to report earnings per share of $0.61 for the quarter, according to consensus estimates. The buy now, pay later provider will release results following Thursday’s closing bell.
Market Pressure Weighs On Tech Names
The stock’s decline comes amid a broader sell-off in technology shares, with the Nasdaq Composite down 0.65% and the S&P 500 declining 0.70% during Thursday’s session. The market-wide pressure suggests Affirm’s weakness is not company-specific but part of a larger risk-off move across equities.
On Jan. 31, Affirm expanded its exclusive partnership with Expedia Group Inc. (NASDAQ:EXPE), according to a Benzinga report. Under the multi-year agreement, Affirm became the exclusive buy now, pay later option for lodging and packages across Expedia, Hotels.com and Vrbo in the United States.
Affirm works with nearly 420,000 merchants worldwide, offering flexible payment options designed to boost customer access and lift average order value for businesses.
Analyst Consensus & Recent Actions:
The stock carries a Buy Rating with an average price target of $84.86. Recent analyst moves include:
- Morgan Stanley: Upgraded to Overweight (Lowers Target to $76.00) (Feb. 3)
- Needham: Upgraded to Buy (Target $100.00) (Jan. 27)
- Cantor Fitzgerald: Initiated with Overweight (Target $85.00) (Jan. 27)
AFRM Price Action: Affirm Holdings shares were down 3.22% at $60.16 at the time of publication on Thursday, according to Benzinga Pro data.
Photo: IgorGolovniov / Shutterstock
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