Core Insights - Affirm has expanded its merchant partnerships by adding eight new merchants, enhancing its payment options for consumers in the U.S. [1] - The company's global network has grown by 20% year over year, now including over 320,000 merchant partners [1] Merchant Partnerships - New merchants include Agape Diamonds, Discount Tire, Ever/body, FullBeauty, Garmin, Hotels.com, Living Spaces, and Sweetwater [1] - The partnerships aim to provide consumers with flexible pay-over-time options during the holiday shopping season [3] Payment Options - The Affirm Card, Affirm App, and top digital wallets allow consumers to access flexible payment options at any retailer [2] - Consumers can choose customized biweekly or monthly payment plans, including a 0% APR option on eligible purchases [2] Market Trends - During Black Friday, BNPL purchases accounted for 10.1% of online transactions and 7.4% of in-store transactions [4] - Affirm's CEO noted strong interest from merchants in 0% promotions as the holiday shopping season approached [4] Company Performance - Affirm accounts for one-third of the volume and over half of the revenue in the U.S. pay later space [5] - The company is preparing for a strong holiday season, indicating robust operational performance [5] Product Enhancements - In October, Affirm upgraded its app to provide easier access to personalized payment terms and interest-free offers [6] - Consumers perceive 0% APR financing options as equally or more valuable than traditional discounts [6]

Core Viewpoint - Affirm Holdings (AFRM) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Affirm Holdings is projected to earn -$0.53 per share for the fiscal year ending June 2025, reflecting a year-over-year change of 68.3% [8]. - Over the past three months, the Zacks Consensus Estimate for Affirm Holdings has increased by 35.3% [8]. Investment Implications - The upgrade in Zacks Rank for Affirm Holdings suggests an improvement in the company's underlying business, which could lead to increased buying pressure and a rise in stock price [5][11]. - The Zacks Rank system maintains a balanced approach, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [9][10].

Affirm Holdings, Inc. (AFRM) recently shared research findings showing that 71% of Canadians plan to maintain or increase their holiday spending this year despite economic challenges. However, shoppers are adopting a more thoughtful approach, focusing on meaningful purchases, seeking the best deals, and using flexible payment options like buy now, pay later (BNPL) to better manage their budgets.The research reveals that 77% of consumers are adopting a "slow shopping" approach, taking extra time to evaluate ...

Affirm Holdings, Inc. (AFRM) recently partnered with JD Sports, a retailer of sports, fashion and outdoor brands. This collaboration aims to provide customers of JD Sports and Finish Line with pay-over-time options while purchasing products from top brands like adidas, New Balance, Nike and North Face.The move comes ahead of Black Friday and Cyber Monday and customers are expected to benefit from Affirm’s buy now, pay later (BNPL) solutions’ flexibility and transparency. This collaboration brings Affirm’s c ...

Buy now, pay later (BNPL) company Affirm Holdings (AFRM 4.04%) was a hot item on the stock exchange over the past few days. According to data compiled by S&P Global Market Intelligence, the company's shares improved by 17% in price week to date as of early Friday morning. A continuing series of analyst price target raises, plus a deal with a large online travel agency (OTA) were the key factors behind the rise.The power of the punditsWith recent news of an estimates-beating quarter at its back, Affirm has b ...

Affirm Holdings, Inc. (NASDAQ:AFRM) FT Partners FinTech Conference November 20, 2024 4:00 PM ET Company Participants Wayne Pommen - Chief Revenue Officer Conference Call Participants Unidentified Company Representative All right. Thank you, everybody. We are very excited to be capping-off our inaugural FinTech Conference here today with Wayne Pommen, the Chief Revenue Officer of Affirm. So Wayne, thanks so much for joining. Partially excited to have you here as not a CEO or CFO, which seems to be the overwh ...

Affirm Holdings, Inc. (NASDAQ:AFRM) FT Partners FinTech Conference November 20, 2024 4:00 PM ET Company Participants Wayne Pommen - Chief Revenue Officer Conference Call Participants Unidentified Company Representative All right. Thank you, everybody. We are very excited to be capping-off our inaugural FinTech Conference here today with Wayne Pommen, the Chief Revenue Officer of Affirm. So Wayne, thanks so much for joining. Partially excited to have you here as not a CEO or CFO, which seems to be the overwh ...

Affirm Holdings, Inc. (AFRM) recently announced an expansion of its partnership with Priceline. In this partnership, AFRM will become a pay-over-time provider to Priceline’s B2B partner brands through Priceline Partner Solutions. Businesses spanning cruise lines, hotels, car rentals, etc., will benefit from offering AFRM’s pay-over-time solutions to their customers.This move is a time opportune one as AFRM GMV increased 35.7% year over year due to strength in travel and ticketing categories. This highlights ...

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Affirm Holdings (AFRM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Affirm Holdings is a member of our Business Services group, which includes 305 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Secto ...

Buy now, pay later provider Affirm has expanded its partnership with online travel firm Priceline.The new collaboration makes Affirm the buy now, pay later (BNPL) provider for Priceline Partner Solutions, the company’s B2B business, Affirm said in a Monday (Nov. 18) news release.This means that Priceline partner brands — spanning industries including hotels, airlines and car rental services — can begin offering travelers the ability to schedule trips and pay over time via their own websites, Affirm said in ...