This Fintech's Solid Quarter and Rosy Outlook Surprised Analysts. Is It a Buy?
It's been a mixed bag for consumer lenders this earnings season. Over the last month, companies including Upstart Holdings, , and LendingTree have taken a stock price hit following their earnings reports.
Affirm (NASDAQ: AFRM) is the most recent consumer lender to report, and it bucked the trend when it reported fourth-quarter and full-year earnings late last month for the period ending June 30. The company beat analysts' expectations and guided for growth in Q1 of fiscal year 2024 above analysts' estimates. The stock price shot up 59% in the days following its report.
Investors who held the stock over the past few years have experienced a turbulent ride. Here's what you should know about Affirm to see if it's right for your portfolio.
Source Fool.com
LendingClub Corp. Stock
With 10 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 10 € shows a slightly positive potential of 16.55% compared to the current price of 8.58 € for LendingClub Corp..
