Overview
- Shares rose nearly 12% after the company confirmed a roughly five-year Amazon partnership renewal.
- The agreement keeps Affirm at Amazon checkout through January 2031 on terms largely consistent with the existing program.
- CFO Rob O’Hare said quarter-to-date trends look favorable with customer delinquency rates staying level, and he called recent third-party volume figures unreliable.
- Evercore ISI’s Adam Frisch reiterated an outperform rating with a $95 price target and expects the company to meet consensus for roughly 31% year-over-year GMV growth this quarter.
- Wolfe Research remains cautious on valuation with a Peer Perform stance, citing limited near-term upside despite multiple growth drivers.