Loading...Loading...JMP Securities analyst David Scharf initiated coverage on Affirm Holdings Inc AFRM with a Market Perform rating.The company is a “founding father” of the Buy Now Pay Later (BNPL) industry, having underwritten $73 billion of consumer loans since its founding in 2012 and issued $8 billion of securitizations, as per Scharf. Over the past few years, the analyst noted Affirm’s business model has diversified and strengthened to create a more balanced revenue, credit, and customer mix. He also ...

Shares of Affirm Holdings, Inc. (AFRM) surged 12.8% on Monday following Goldman Sachs' initiation of coverage with a Buy rating. Analysts highlighted the buy now, pay later (BNPL) service provider's innovative credit solutions, superior underwriting processes and effective risk management, which includes short-term receivables and transaction-level underwriting, as key factors for their positive outlook.Also, Goldman Sachs set a $42 price target for the stock, which indicates a 40.6% premium on the $29.87 c ...

Goldman Sachs' Coverage and Affirm's Business Model - Goldman Sachs initiated coverage on Affirm with a "buy" rating and set a price target of $42, implying a 25% upside from the stock's closing price of $33.70 per share [1] - Affirm's strength lies in its diverse portfolio of products for point-of-sale financing and everyday spending, as well as its strong loan underwriting capabilities, which allow it to tap into subprime and near-prime borrowers [1] - The company has a strong track record of achieving well-managed credit outcomes despite growing faster than peers, and its buy-now pay-later and Pay-in-4 payment options are driving strong market share gains [1] AFRM Stock Performance and Market Context - AFRM stock closed up by almost 13% following Goldman Sachs' coverage initiation, but it is still down almost 28% year-to-date (YTD) compared to the S&P 500's 15% gain over the same period [2] - Affirm stock has struggled to build momentum this year, with recent declines following Apple's announcement to discontinue its Apple Pay Later feature, though this may create opportunities for Affirm's integration into Apple's iOS [2] Analyst and Market Sentiment - Goldman Sachs analysts were impressed by Affirm's business model and its potential to become one of the first new closed-loop platforms in the payments ecosystem [1] - Investors are likely to pay closer attention to Affirm following Goldman Sachs' positive review, which could influence future market sentiment and stock performance [2]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Affirm Holdings Inc (NASDAQ: AFRM) gained more than 10% on Monday after a Goldman Sachs analyst issued a super bullish note in its favour. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Shares of the buy now, pay later company are still over 30% for the year.  Affirm stock could climb to $42Copy link to sectionWill Nance initiated coverage of Affirm Holdings today with a “buy” rating. His $42 price objective suggests a 40% upside on its previous clos ...

Key TakeawaysAffirm Holdings shares soared in intraday trading Monday as Goldman Sachs initiated coverage with a "buy" rating on the stock, with a price target 41% above Friday's close.Goldman said the buy now, pay later (BNPL) firm is “the leading provider of modern credit solutions for consumers.”The analysts also praised Affirm's underwriting. 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" r ...

Kevin Dietsch/Getty Images News With Apple (AAPL) appearing to announce an exit from the Buy Now, Pay Later space, Affirm (NASDAQ:AFRM) is looking like an increasingly attractive bet. The company has posted torrid top-line growth along with rapidly improving operating margins. The company has a net cash balance sheet and the Affirm Card is clearly gaining traction with consumers. The company’s solid execution over the last several years in the high interest rate environment may suggest that bearish fear ...

Nu, Upstart, and Affirm all look undervalued relative to their growth potential.Fintech stocks soared during the peak of the meme- and growth-stock rallies in 2021, but many of those stocks stumbled over the following two years as interest rates rose. Those higher rates curbed economic growth and lending, while higher yields on fixed-income investments like CDs pulled investors away from riskier growth stocks.But with interest rates expected to stabilize and potentially decline over the next few quarters, i ...

Affirm Holdings (AFRM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this operator of digital commerce platform have returned +1.6%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Business - Services industry, which Affirm Holdings falls in, has lost 2.5%. The key question now is: What could be ...

B4LLSBeing a bet on falling interest rates, Affirm Holdings, Inc. (NASDAQ:AFRM) has most recently disappointed expectations. The central bank’s decision to delay the rate cut timeline also set back my investment thesis with regard to the buy now, pay later company a little bit, but I think the value proposition, for long-term investors anyways, has improved here lately. I say this because Affirm Card adoption metrics and gross merchandise volume trends look healthy and the BNPL market opportunity remain ...