Although Affirm Holdings Inc (NASDAQ:AFRM) reported its fiscal second quarter revenues and volumes ahead of expectations and raised its full-year outlook, the company signaling slowing volume growth in the fiscal fourth quarter “stroked fears,” according to JPMorgan.
The Affirm Holdings Analyst: : Analyst Reginald Smith maintained an Overweight rating, while slashing the price target from $94 to $79.
The Affirm Holdings Thesis: The company raised its fiscal 2026 guidance by more than the second-quarter beat, Smith said in the note.
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Management raised GAAP operating margin guidance …