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Is It Too Late to Buy Affirm Holdings Stock?

TheMotleyFool

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Is It Too Late to Buy Affirm Holdings Stock?: https://g.foolcdn.com/editorial/images/755338/woman-payment-store.jpg

Affirm (NASDAQ: AFRM) posted its latest earnings report on Nov. 8. For the first quarter of fiscal 2024, which ended on Sept. 30, the buy now, pay later (BNPL) services provider grew its revenue 37% year over year to $497 million and exceeded analysts' expectations by $53 million. It narrowed its net loss from $251 million to $172 million, or $0.57 per share, and cleared the consensus forecast by $0.13.

Affirm's stock price surged nearly 20% the following week in response to that big earnings beat, but it remains nearly 50% below its initial public offering (IPO) price. Is it too late to hop aboard the bullish bandwagon, or is Affirm finally headed back toward its IPO price?

Image source: Getty Images.

Source Fool.com

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