Affirm Holdings Inc. (AFRM) Bullish Analysis Report
Bullish Indicators for AFRM
1. Strong Q3 Performance:
- EPS: Reported $0.01 vs. a projected $0.09 loss, a $0.10 per share beat.
- Revenue: $783.14 million, up 36% YoY, driven by an 8.6 billion GMV (+36% YoY).
- Affirm Card Growth: 115% YoY growth in card adoption.
- 0% APR Loans: 44% YoY increase, showing a shift toward high-quality loan offerings.
2. Analyst Confidence:
-Susquehanna upgraded AFRM to 'Positive' with a $65 price target.
-Mizuho and J.P. Morgan maintained 'Outperform' and 'Overweight' ratings with targets of $70
3. Strategic Partnerships:
- Recently announced partnership with Costco, reasing transaction volume potential.
4. Technical Setup:
- Ascending Triangle Formation with clear resistance at $49.50.
- Watching for breakout confirmation on high volume.
- Volume spike suggests accumulation, not distribution. Trading Strategies
Entry Criteria:
- Enter above $49.50 with high volume confirmation.
- Alternatively, wait for a retest of $49.50 after the breakout.
Exit Criteria:
- Stop-loss at $48.50 if the breakout fails.
- Time stop: Exit by end of day if momentum fades.
Profit Targets:
- First Target: $51-$52
- Second Target: $55-$60
This could just be the beginning of a strong run-up if momentum holds and fundamentals remain strong
Bullish Indicators for AFRM
1. Strong Q3 Performance:
- EPS: Reported $0.01 vs. a projected $0.09 loss, a $0.10 per share beat.
- Revenue: $783.14 million, up 36% YoY, driven by an 8.6 billion GMV (+36% YoY).
- Affirm Card Growth: 115% YoY growth in card adoption.
- 0% APR Loans: 44% YoY increase, showing a shift toward high-quality loan offerings.
2. Analyst Confidence:
-Susquehanna upgraded AFRM to 'Positive' with a $65 price target.
-Mizuho and J.P. Morgan maintained 'Outperform' and 'Overweight' ratings with targets of $70
3. Strategic Partnerships:
- Recently announced partnership with Costco, reasing transaction volume potential.
4. Technical Setup:
- Ascending Triangle Formation with clear resistance at $49.50.
- Watching for breakout confirmation on high volume.
- Volume spike suggests accumulation, not distribution. Trading Strategies
Entry Criteria:
- Enter above $49.50 with high volume confirmation.
- Alternatively, wait for a retest of $49.50 after the breakout.
Exit Criteria:
- Stop-loss at $48.50 if the breakout fails.
- Time stop: Exit by end of day if momentum fades.
Profit Targets:
- First Target: $51-$52
- Second Target: $55-$60
This could just be the beginning of a strong run-up if momentum holds and fundamentals remain strong
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.