Stock Groups

Up 60% in the Past Month, is Affirm Holdings Still a Buy? By StockNews

by Mike Robinson

[ad_1]

© Reuters. Affirm Holdings is still a buy, up 60% over the past month

Fintech services platform provider Affirm Holdings’ (AFRM) stock price has soared 61.3% over the past month thanks to the company’s strategic collaboration with Target (NYSE:). The stock is rallying despite increasing competition within the buy-now/pay-later market. Let’s discuss.Financial technology company Affirm Holdings, Inc. (AFRM) in San Francisco builds next-generation digital and mobile-first commerce platforms in the United States and Canada. With Target Corporation’s (TGT) recent announcement that the retailer will allow its customers to make purchases via AFRM’s buy-now-pay-later (BNPL) technology, AFRM’s shares have climbed 19.8% in price over the past five days and 61.3% over the past month.

The fast-growing industry of buy-now, pay-later has faced challenges due to intense competition and payment default. Numerous companies have attempted to enter this sector as more people are attracted to BNPL service during the pandemic.

Although AFRMs’ rapidly expanding network could help it grow its customer base, its lofty valuation is not in sync with its growing operational losses.

Continue reading on StockNews

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]