Affirm Holdings (AFRM) closed the latest trading day at $29.54, indicating a -0.24% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.55%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.63%.The operator of digital commerce platform's stock has dropped by 11.43% in the past month, falling short of the Business Services sector's gain of 0.56% and the S&P 500's gain of 4.28%.The investment community will be paying close attention to the ...

Affirm Holdings, Inc. (AFRM) recently announced that the personal information of its cardholders may have been compromised in the Evolve Bank and Trust’s cyber-attack last week. The cybercriminals involved in this breach are the gang of LockBit, who published the stolen data on the dark web. Evolve, a third-party issuer, issues Affirm’s cards, providing a buy now pay later option to 18 million customers.Affirm has clarified that its systems remain secure. However, data shared with Evolve Bank for card issua ...

Fintech stocks are fascinating because of their sensitivity to artificial intelligence (AI) developments or Big Tech partnerships. But for the most part in 2024, the heavy hitters in the sector have been asleep at the wheel. Though many of the high-profile stocks are swimming in red ink, fintech is still an industry to keep an eye on every month or so, to see if entry points are too enticing to pass up.One of the original fintech stocks, PayPal Holdings Inc (NASDAQ:PYPL), was last seen down 0.8% at $57.57. ...

Affirm TodayAFRMAffirm$30.21 -0.25 (-0.82%) 52-Week Range$12.81▼$52.48Price Target$32.66Add to WatchlistAffirm Holdings Inc. NASDAQ: AFRM is a leader in the buy-now-pay-later (BNPL) industry. They provide installment loans to consumers, enabling them to split purchases into smaller payments. This is a win-win for merchants as they make more sales and customers as they can afford to purchase items that may have been previously too cost-prohibitive to pay for upfront. Historically, the stock has rallied into ...

Fintech stocks continue to hold immense potential for delivering solid gains to investors. These companies are at the forefront of revolutionizing how we transact and think about money. And this includes the advent of cryptocurrencies like Bitcoin (BTC-USD). As we witness ongoing disruption in the monetary system, fintech stocks are paving the way forward. To capitalize on these fundamental shifts, I’ve researched three fintech stocks that strike the right balance between risk and reward. Often overlooked i ...

The most recent trading session ended with Affirm Holdings (AFRM) standing at $30.21, reflecting a -0.82% shift from the previouse trading day's closing. This move lagged the S&P 500's daily loss of 0.41%. On the other hand, the Dow registered a loss of 0.12%, and the technology-centric Nasdaq decreased by 0.71%.Heading into today, shares of the operator of digital commerce platform had gained 3.75% over the past month, outpacing the Business Services sector's gain of 0.6% and the S&P 500's gain of 3.53% in ...

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, ...