Affirm (AFRM) stock has gained more than 50% over the last three months, helping it turn positive for the year. The stock has been quite volatile ever since its January 2021 IPO, when it priced the shares considerably above its pricing range at $49. It's worth noting that the company had previously delayed its IPO in 2020 as both DoorDash (DASH) and Airbnb (ABNB) soared on their initial listings, and Affirm apparently did not want to leave too much on the table for its own IPO investors.
As things turned out, even the delayed IPO and bumped-up pricing did not deter early AFRM bulls, as the stock gained 90% on the listing. AFRM went on to hit an all-time high of $168.52 in November 2021, which it hasn’t been able to revisit since. The nearest it came was in August 2025 when the stock hit $100.
