Affirm guidance better than many expected, says Barclays

Barclays says Affirm reported “solid” fiscal Q4 results with gross merchandise volume 4% ahead of the Street and positive adjusted operating income a quarter earlier than expected. The company’s fiscal 2024 guidance was generally better than many had expected, the analyst tells investors in a research note. The firm says Affirm Card growth “appears to have reached a positive inflection point.” It keeps an Overweight rating on the shares with a $19 price target.