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.

"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:

Photo via Shutterstock