AFRM Stock Recent News
AFRM LATEST HEADLINES
Affirm Holdings Inc (NASDAQ: AFRM) is down 8.0% at writing after One – a Walmart-backed financial technology startup joined the BNPL race.
Fintech lender Affirm has started quietly offering "buy now, pay later" (BNPL) loans for elective medical procedures, in a major push beyond its core e-commerce market, the company told Reuters.
The Biden administration has introduced a formal proposal to forgive student loan debt, aiming to benefit millions and withstand legal scrutiny. This revised plan focuses on debt accrued beyond original loan amounts for certain low-income earners and cancels unpaid interest for all income levels.
In the most recent trading session, Affirm Holdings (AFRM) closed at $33.80, indicating a +0.69% shift from the previous trading day.
Affirm: Stunning Acceleration In Growth And Margin Expansion (Rating Upgrade)
Affirm Holdings: Strong Growth Ahead - Play The Long Game
Affirm exceeded revenue and earnings growth expectations in Q2 FY24, driven by strong growth in adding new merchants while deepening adoption of the Affirm Card among consumers. The company aims to reach $50B in GMV by FY28 through strategies such as deeper adoption of the Affirm Card, unlocking new merchants and segments and expanding internationally. Although Affirm faces risks from exposure to interest rates and a competitive landscape, I believe the stock is attractively priced to drive significant long-term returns.
Affirm's (AFRM) recent survey report signals rising demand for flexible payment options as Canadians plan to make major purchases this year.
Ten of the 17 analysts who cover the Buy Now, Pay Later company rate it at Hold.
As the overall market continues to break records and achieve new heights, speculation and optimism are rising. During such periods, stocks with unusually high short interest tend to outperform, as the overall market's strength and bullish sentiment can overwhelm the fundamental reasons that caused bears to initiate short positions.