12:11 PM EDT, 08/29/2024 (MT Newswires) -- Affirm Holdings ( AFRM ) shares were up more than 33% in recent Thursday trading after it reported better-than-expected fiscal Q4 results and guidance that suggests it is on track to achieve profitability in fiscal 2025, RBC Capital Markets said in a Wednesday note.

Affirm Holdings ( AFRM ) posted a fiscal Q4 loss Wednesday of $0.14 per diluted share, compared with a $0.69 loss per share a year ago, as revenue increased to $659.2 million from $445.8 million. That compared with forecasts from analysts surveyed by Capital IQ for a loss of $0.44 per diluted share on revenue of $605.4 million.

RBC said the company's fiscal Q1 and fiscal 2025 projections exceed Street expectations, with the fiscal year outlook implying an expected swing to GAAP earnings in Q4. The investment firm also noted potential incremental benefit in fiscal 2025, depending on the commercialization of Affirm Holdings' ( AFRM ) Apple Pay and its international and business-to-business initiatives.

Analysts at RBC lowered their 2025 and 2025 loss forecast for Affirm Holdings ( AFRM ) and lifted revenue projections for both fiscal years.

RBC Capital Markets raised its price target Affirm Holdings ( AFRM ) stock to $46, from $43, with a sector perform rating.

Price: 42.23, Change: +10.65, Percent Change: +33.72