Affirm Holdings, Inc. (AFRM)
Affirm surges on Goldman Sachs upgrade
Affirm gained almost 13% on Monday after the buy now, pay later firm was upgraded by Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) analysts. The analysts upgraded the stock from ‘Neutral' to ‘Buy' and doubled their price target from $21 to $42, representing a premium of more than 40% to Affirm's closing price on Friday.
Affirm stock price forecast: Goldman Sachs sees a 40% upside
Affirm Holdings Inc (NASDAQ: AFRM) gained more than 10% on Monday after a Goldman Sachs analyst issued a super bullish note in its favour. Shares of the buy now, pay later company are still over 30% for the year.
Affirm Holdings Surges as It Gets a 'Buy' Rating From Goldman Sachs
Shares of Affirm Holdings (AFRM) jumped in intraday trading Monday as Goldman Sachs initiated coverage of the buy now, pay later (BNPL) loan service with a "buy" rating, calling it “the leading provider of modern credit solutions for consumers.”
Affirm: Apple's Exit From Pay Later May Be A Growth Driver
AAPL's exit from the BNPL scene provides massive opportunities for other fintech lenders, such as AFRM and other credit/ debit card providers. AAPL users may be more likely to adopt AFRM's BNPL platform ahead, with it potentially influencing "customer decisions on which cards to spend on, or where to set up credit." With AAPL's users typically reporting higher incomes, we may see AFRM benefit from the reduced lending risks and delinquency rates, building upon the latter's risk management thus far.
Affirm: Apple's Exit From BNPL Has Significant Implications
Affirm has accelerated top-line growth while boosting profitability. The company's Affirm Card is gaining traction with consumers, helping the company to adjust to the higher interest rate environment. Affirm is set to be offered as a BNPL option on Apple Pay, with Apple no longer offering BNPL in the United States.
3 Incredibly Cheap Fintech Stocks to Buy Now
Nu has room to grow as Latin America's digital banking market expands. Upstart's lending business will recover as interest rates decline.
Investors Heavily Search Affirm Holdings, Inc. (AFRM): Here is What You Need to Know
Recently, Zacks.com users have been paying close attention to Affirm Holdings (AFRM). This makes it worthwhile to examine what the stock has in store.
Affirm Holdings: Undervalued With Potential For Re-Rating And Long-Term Growth
Affirm Holdings disappointed due to central bank delaying rate cut timeline. Affirm Card adoption and gross merchandise volume trends show healthy growth. Affirm Holdings is undervalued with potential for re-rating and long-term growth.
3 Fintech Stocks to Buy Now: June 2024
Investors looking for high-growth investments in the financial sector should consider the top fintech stocks to buy now for long-term returns. The financial industry has seen a significant transformation in the last few years, marked by the emergence of fintech apps.
Affirm Holdings, Inc. (AFRM) CFO Fireside Chat (Transcript)
Affirm Holdings, Inc. (NASDAQ:AFRM ) CFO Fireside Chat June 14, 2024 12:00 PM ET Company Participants Zane Keller - Director of Investor Relations Michael Linford - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Zane Keller Okay, it looks like we've got most of the people that registered for the event. So I think we'll go ahead and get started.
Affirm (AFRM) Chosen to Bring Flexible Hotel Booking Payments
Affirm (AFRM) collaborates with Brittain Resorts & Hotels to offer flexible payment options, thereby enhancing customer convenience and expanding AFRM's retail partner network.
3 Fintech Growth Stocks That Are Screaming Buys in June
SoFi Technologies continues to pick up new customers at a rapid pace. Affirm Holdings could emerge as the Buy Now, Pay Later industry winner.
