** Buy now, pay later lender Affirm's AFRM.O shares fall 7% to $50.45 before the bell
** AFRM late Thursday forecast Q4 revenue largely below Wall Street expectations
** Co expects gross merchandise value $(GMV.AU)$ growth to moderate in Q4 from levels observed in April
** "We observed an increase in GMV growth rate during the final week of March through the month of April, possibly due to macroeconomic conditions," AFRM says
** Seaport Research analyst Jeff Cantwell says revenue growth is decelerating for AFRM in the backdrop of investor concerns around the outlook for consumer spending
** "When it's a high-multiple name (such as AFRM) and when its revenue growth is trending in the wrong direction (slower), typically the stock trades down post-print," Cantwell says
** 14 of 24 brokerages rate stock "buy" or higher and 10 "hold"; median PT $65.12 - data compiled by LSEG
** As of last close, AFRM stock down 11% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.