Affirm's stock surged over 30% after the company reported better-than-expected fiscal fourth quarter earnings, with revenue rising 48% to $659.2 million and net losses narrowing significantly. Affirm's CEO Max Levchin highlighted the firm's rapid growth compared to competitors like Klarna and set a goal for GAAP profitability by the fourth quarter of the next fiscal year. The company's Gross Merchandise Volume (GMV) increased by 31% to $7.2 billion, and Bank of America analysts raised the price target for the stock to $42. Affirm's strong performance contrasts with broader challenges in the payments sector, benefiting from nascent BNPL adoption and key partnerships. Analysts from J.P. Morgan and BofA noted Affirm’s promising growth prospects and profitability outlook driven by scale and lower interest rates.