U.S. shoppers just got through Black Friday and Cyber Monday, two of the year's biggest shopping days. According to data from Adobe, consumers used Buy Now, Pay Later payment methods to fund nearly a billion dollars of purchases on Cyber Monday alone.
Affirm stock price has done well this year, and is hovering at its highest level since 2022 as demand for its services rise. It was trading at $71.88, up by 725% from its lowest level in 2023.
Here is how Affirm Holdings (AFRM) and Sezzle Inc. (SEZL) have performed compared to their sector so far this year.
AFRM's loans worth $500 million are privately purchased by PGIM Fixed Income, boosting AFRM's working capital.
Zacks.com users have recently been watching Affirm Holdings (AFRM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Wedbush Securities Managing Director of Equity Research David Chiaverini joined Market Domination to provide insights into the fintech landscape. Chiaverini observed that buy now, pay later (BNPL) transactions currently represent "a very small share" of overall retail sales.
Affirm has partnered with eight more merchants to help their shoppers use flexible pay-over-time options. Consumers in the United States can now select Affirm as a payment option at checkout at Agape Diamonds, Discount Tire, Ever/body, FullBeauty, Garmin, Hotels.com, Living Spaces and Sweetwater, the buy now, pay later (BNPL) provider said in a Tuesday (Dec.
Cyber Monday spending via buy now, pay later hit a record in the U.S., which could further fuel investor hype for these digital payments.
Max Levchin, Affirm co-founder and CEO, joins 'Squawk Box' to discuss this holiday shopping season, state of the consumer, company growth outlook, relationship with Elon Musk, and more.
The year 2024 may have started slow for fintech stocks, but the sector flipped the script in the second half.
@LikeFolio's Landon Swan points to Affirm (AFRM) as a reason the buy now, pay later method isn't going away anytime soon. He looks into the consumer data showing how Affirm beats competition in the space.
Affirm Holdings (AFRM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.