Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Affirm Holdings, Inc. (AFRM) : This payment network company has seen the Zacks Consensus Estimate for its current year earnings increasing 13.1% over the last 60 days.Zentalis Pharmaceuticals, Inc. (ZNTL) : This biopharmaceutical company has seen the Zacks Consensus Estimate for its current year earnings increasing 17.9% over the last 60 days.Immatics N.V. (IMTX) : This clinical-stage biopharmaceutical company has seen the Zacks Consens ...

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Company Performance - Affirm (NASDAQ: AFRM) was a notable outperformer in 2024, particularly following the US presidential elections [1] - The company delivered several quarters of strong execution, showcasing consistent performance [1] Industry Trends - Concerns around US consumer credit are rising, creating a challenging environment for traditional credit providers [1] - Buy-now-pay-later (BNPL) operators like Affirm are emerging as a strategic alternative to traditional credit solutions [1] Market Position - Affirm's strong performance positions it favorably within the BNPL sector, especially as consumer credit concerns grow [1]

Company Performance - Affirm Holdings closed at $64.95, reflecting a -1.05% change from the previous day, underperforming the S&P 500 which gained 0.73% [1] - The company is expected to report earnings of -$0.19 per share, indicating a year-over-year decline of 575%, while projected revenue is $799.77 million, up 35.3% from the previous year [2] - For the full year, earnings are projected at -$0.53 per share and revenue at $3.1 billion, showing increases of +68.26% and +33.44% respectively from the prior year [6] - Over the past month, shares of Affirm Holdings have decreased by 1.37%, lagging behind the Business Services sector's gain of 0.33% and the S&P 500's gain of 0.34% [5] Analyst Estimates - Recent changes in analyst estimates for Affirm Holdings are crucial as they reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Consensus EPS estimate has remained unchanged over the last 30 days, and Affirm Holdings currently holds a Zacks Rank of 3 (Hold) [7] Industry Context - Affirm Holdings operates within the Financial Transaction Services industry, which is part of the Business Services sector, currently holding a Zacks Industry Rank of 75, placing it in the top 30% of over 250 industries [4]

Affirm Holdings, Inc. (AFRM) recently announced that it has expanded its partnership with WooCommerce. With this move, AFRM became a leading pay-over-time provider for merchants using WooPayments, the integrated payment solution of WooCommerce,in the United States and Canada.Affirm's payment plans, including biweekly and monthly installments and a new "Pay in 30" option, will now be automatically enabled for WooCommerce merchants, offering more flexible payment options at checkout. This move aims to increas ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Affirm Holdings (AFRM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Affirm Holdings currently ...

The BNPL leader still has a bright future.Affirm (AFRM 4.19%), a leading provider of buy now, pay later (BNPL) services, went public on Jan. 13, 2021. It soared from its IPO price of $49 to a record high of $168.52 on Nov. 4, 2021, but it dropped below $9 the following December.The bulls were initially impressed by Affirm's rapid growth and early mover's advantage in the booming BNPL market. However, they retreated as its growth cooled off and rising interest rates compressed its valuations and highlighted ...

Affirm Holdings, Inc. (AFRM) recently announced that it expanded its partnership with Adyen, making it the first Buy Now, Pay Later (BNPL) provider to integrate with Adyen for Platforms. This collaboration allows Affirm’s payment solutions to be used by platform businesses like marketplaces and on-demand services.Additionally, Affirm is now offering its monthly installment plans to Adyen merchants in Canada, enhancing its payment options beyond the existing biweekly plans. This move aims to provide greater ...

Core Insights - Affirm is expanding its partnership with Adyen, becoming the first buy now, pay later (BNPL) provider to support Adyen's payment solution for platform businesses, enhancing payment options for Adyen merchants in Canada [1][2] - The partnership targets Adyen for Platforms customers, including peer-to-peer marketplaces, on-demand services, and crowdfunding platforms, and has seen significant growth, with average annual volume increasing over seven times from 2021 to 2023 [2] - Affirm has formed a long-term capital partnership with Sixth Street, which involves an investment of up to $4 billion to purchase Affirm loans, allowing Affirm to extend up to $20 billion in loans over the next three years [3][4] Industry Trends - The BNPL market is experiencing increased usage among cash-strapped consumers, with a PYMNTS report indicating that those facing cash flow shortages are 3.5 times more likely to use BNPL compared to financially stable consumers [5][6] - The report highlights that 8.9% of consumers with frequent cash flow shortages used BNPL in the past 30 days, compared to only 2.5% of stable consumers, indicating BNPL's accessibility compared to traditional credit [6]

Core Insights - The article discusses the investment landscape and the potential opportunities within the market, emphasizing the importance of thorough research and analysis before making investment decisions [1] Group 1 - The article highlights the significance of understanding market trends and company fundamentals to identify potential investment opportunities [1] - It mentions that investors should be cautious and conduct due diligence to mitigate risks associated with market volatility [1] - The importance of diversification in an investment portfolio is underscored, suggesting that spreading investments across various sectors can help manage risk [1]