Why Wolfe Research Maintains a Cautious Stance on Affirm Despite Multiple Growth Drivers

Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the best FinTech stocks to buy in 2026. On December 9, Wolfe Research initiated coverage of Affirm with a Peer Perform rating, arguing that while the company has multiple credible growth drivers, the stock’s valuation leaves limited room for near-term upside. The firm characterized Affirm’s business momentum as solid but said a more attractive entry point would be needed before adopting a more constructive stance on the shares. Wolfe highlighted several area ...