Affirm Holdings Inc. (NASDAQ:AFRM) shares are in the spotlight Thursday, with earnings on deck, recent analyst activity, a technical setup showing the stock holding the line above its 50-day average and Edge Rankings all drawing attention.
- Affirm stock is building positive momentum. Why are AFRM shares climbing?
Earnings Preview & History
Affirm is scheduled to report fourth-quarter fiscal 2026 earnings on August 27 after market close. Analysts estimate EPS of 34 cents along with revenue of approximately $1.11 billion, representing 26.2% year-over-year growth. For the prior quarter, Affirm reported revenue of $1.04 billion, up 33% year-over-year, with gross merchandise volume up 35% to $11.6 billion. EPS came in at 30 cents, beating the consensus estimate of 17 cents.
Investors Eye Affirm’s Credit Trends
Investors will be closely tracking credit quality and delinquency trends, particularly after competitor Klarna Group Plc (NYSE:KLAR) disclosed deteriorating loan performance in Germany, with Affirm’s 30-plus day delinquency rate on monthly installment loans standing at 2.8% and its allowance for credit losses at 6.0% of loans held for investment entering the quarter.
Gross merchandise volume growth will also be in focus, with management guiding for $13.15 billion to $13.45 billion for the quarter alongside revenue of $1.08 billion to $1.11 billion. Commentary on the Affirm Card’s expansion, active merchant and consumer growth, and funding cost trends should offer additional signals on whether the company can sustain its recent pace of margin improvement heading into fiscal 2027.
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price forecast of $93.09. Recent analyst moves include:
- Morgan Stanley: Equal-Weight (Raises Target to $80.00) (Aug. 26)
- Oppenheimer: Outperform (Raises Target to $100.00) (Aug. 24)
Holding the Line Above Its 50-Day
Affirm is trading above its 20-day SMA ($75.99) and just above its 50-day SMA ($77.04), which puts the stock back in a “hold the line” area where short-term trend followers typically want to see support stick. It’s also well above the 100-day SMA ($70.51) and 200-day SMA ($66.49), reinforcing that the bigger-picture uptrend from earlier in the year is still intact.
Momentum is neutral: RSI is 51.06, which suggests the stock isn’t stretched in either direction and is more likely to respond to levels than to mean-revert from an extreme. That neutral RSI also fits with the mixed moving-average message, since the 20-day SMA is still below the 50-day SMA (a short-term bearish alignment) even as the longer-term “golden cross” from June (50-day above 200-day) remains in place.
The nearby levels are fairly clean, with traders likely watching whether the stock can build acceptance above the mid-$70s and make another run at the next ceiling. A failure to hold recent support zones would shift focus back toward the lower-$70s where buyers previously showed up.
- Key Resistance: $81.00 — a round-number area that can act as a near-term ceiling after rebounds
- Key Support: $71.50 — a nearby floor that sits close to the stock’s intermediate trend zone (near the 100-day SMA at $70.51)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Affirm Holdings, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Bullish (Score: 82.07) — The stock’s trend profile is strong versus the broader market, which can keep breakouts in play if support holds.
- Value: Neutral (Score: 32.75) — Valuation is not “cheap,” but it’s not scoring as the weakest area on Edge, suggesting price is being supported more by growth expectations than deep value.
- Growth: Bullish (Score: 94.5) — The market is treating AFRM as a growth story, which can amplify moves when risk appetite improves.
The Verdict: Affirm’s Benzinga Edge signal reveals a growth-heavy, momentum-driven profile, with the strongest readings coming from Growth and Momentum rather than Value. For longer-term bulls, the setup works best if the stock continues to defend the mid-$70s area and eventually reclaims $81.00, because the scorecard implies the market is still willing to pay up for upside.
Affirm Shares Edge Higher
AFRM Price Action: At the time of publication, Affirm shares are trading 1.16% higher at $77.35, according to data from Benzinga Pro.
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