Affirm Holdings, Inc. - Class A Common Stock (AFRM)
47.00
+3.30 (7.55%)
Affirm Holdings Inc is a financial technology company that specializes in providing point-of-sale financing and buy now, pay later solutions
The company enables consumers to make purchases and pay for them over time through easy-to-understand installment plans, helping to enhance their shopping experience while providing retailers with a way to increase sales. By utilizing advanced credit algorithms, Affirm evaluates customers' creditworthiness in real-time, making the process seamless and transparent. Additionally, Affirm is committed to promoting responsible lending practices, ensuring that consumers can manage their finances effectively while accessing the products and services they need.
Affirm Holdings will lose its exclusive role providing installment loans for Walmart as Klarna partners with OnePay. Yesterday, Goldman Sachs analyst lowered AFRM's price target from $90 to $50, then raised the forecast to $56 reflecting the updated impact of loss of the Walmart relationship.
Stocks were little moved during midday Monday trading in New York, as a mixed retail sales report failed to generate a bullish response from investors.
The development is considered a negative for Affirm, which, in 2019, partnered with Walmart to offer shoppers the option of using the company’s services to pay for their purchases over time at nearly 4,000 Supercenters nationwide.
Affirm Holdings Inc (NASDAQ:AFRM) shares are trading lower Monday after competitor Klarna announced a partnership with OnePay to offer installment loans at Walmart Inc (NYSE:WMT) locations across the United States.
Markets bounced back in early afternoon trading Tuesday as Ukraine signaled its readiness to accept a U.S.-backed proposal for a 30-day ceasefire, an agreement that could be extended if both sides comply.
Affirm Holdings Inc (NASDAQ:AFRM) shares are trading higher Thursday after the company and Shopify Inc (NYSE:SHOP) announced an expanded global agreement.
Affirm Holdings is the leading buy now pay later (BNPL) provider and it finally turned a profit after posting another quarter of record revenues. This is next.
