Affirm Stock Sinks. This Analyst Says Sell the Shares. – Barrons

Shares of Affirm were falling sharply Friday after the “buy now, pay later” company issued a fiscal third-quarter revenue forecast that was below analysts’ expectations.

Affirm (ticker: AFRM) dropped 17.2% to $48.60 after the company said it expects revenue in the current quarter of $325 million to $335 million, below Wall Street forecasts of $335.5 million. The company said it expects revenue less transaction costs in the quarter of $138 million to $143 million. Analysts at Piper Sandler had expected revenue less transaction…

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