Affirm's stock still trades at a discount to its IPO price. Its growth was significantly throttled by inflation and other macro headwinds.
Does Affirm Holdings (AFRM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Affirm Holdings (AFRM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
With interest rates coming down, Affirm's new debit card combined and other growth factors will help the Buy Now, Pay Later company's stock move up 16%, one analyst says.
Affirm Holdings (AFRM) closed at $44.98 in the latest trading session, marking a +1.58% move from the prior day.
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Mizuho analysts rate the ‘buy now, pay later' firm at Outperform with a price target of $65.
Affirm's services are likely to be initially available to users with devices running iOS 18 and iPadOS 18 or later.
Affirm shows bullish price action with a series of higher highs and lows, trading above an upward sloping 30-week EMA. Momentum, measured by PPO, is both short-term and long-term bullish, indicating strong upward movement. Institutional investors are accumulating AFRM shares, suggesting they believe the stock is undervalued.
Buy now, pay later (BNPL) network Affirm is now available for Apple Pay users. The integration, announced Monday (Sept.
Palantir will join the S&P 500 on Sept. 23. Affirm's growth is accelerating, and a game-changing partnership is still on the horizon.
AFRM's survey highlights that despite current macroeconomic concerns, 70% of Americans feel more confident in their ability to manage finances compared to the previous year.