Affirm Holdings Inc (NASDAQ:AFRM) on Thursday reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.

Affirm reported quarterly earnings of $4.62 per share, according to Benzinga Pro data. Quarterly revenue came in at $1.17 billion, which beat the analyst consensus estimate of $1.11 billion and was up from $876.42 million in the same period last year. Gross Merchandise Volume (GMV) was $11.6 billion, up 35% year-over-year.

"We delivered another outstanding set of results this quarter, especially in the broader context of global economic uncertainty," said CEO Max Levchin.

Affirm expects first-quarter revenue in a range of $1.19 billion to $1.22 billion, versus the $1.16 billion analyst estimate.

Affirm shares rose 11.2% to $86.20 in pre-market trading

These analysts made changes to their price targets on Affirm following earnings announcement.

• Needham analyst Kyle Peterson maintained the stock with a Buy and raised the price target from $90 to $100.
• B of A Securities analyst Matthew O’Neill maintained the stock with a Buy and raised the price target from $93 to $104.
• Morgan Stanley analyst James Faucette maintained the stock with an Equal-Weight rating and raised the price target from $80 to $82.
• BMO Capital analyst Rufus Hone maintained the stock with an Outperform rating and raised the price target from $86 to $101.

Considering buying AFRM stock? Here’s what analysts think:

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