Affirm Holdings Inc. (NASDAQ:AFRM) saw an 11.77% increase on Tuesday, closing at $73.39 per share after renewing its partnership with Amazon Inc. The renewed contract is set to last until January 2031, with terms similar to the current program. Affirm began its partnership with Amazon in August 2021, providing payment solutions to customers. Evercore ISI reaffirmed its “outperform” rating and set a $95 price target, anticipating a 29% upside potential. The company’s first-quarter fiscal year 2026 results showed a swing to $80.69 million in net income from a $100 million net loss the previous year, with total revenues jumping by 33.7% to $933 million.

Read more at Yahoo Finance: Affirm (AFRM) Soars 11.8% on Amazon Contract Renewal