Affirm Holdings stock jumped 12% after upgrade to "buy" and positive growth potential

From Nasdaq: 2024-10-11 18:09:00

Investors jumped at the chance to buy shares of Affirm (NASDAQ: AFRM) on Friday, resulting in a 12% price increase. Wells Fargo analyst Andrew Bauch upgraded the stock to “buy,” citing credit sophistication and growth potential. Affirm’s recent partnership with Apple Pay and market expansion are seen as positive catalysts.

The buy now, pay later (BNPL) sector is heating up, with Affirm poised to benefit. Bauch sees growth potential in consumer spending and Apple Pay usage. This recommendation highlights Affirm as an attractive buy opportunity.

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Disclosure: Wells Fargo advertises with The Ascent. Author Eric Volkman holds positions in Apple. The Motley Fool recommends and holds positions in Apple. The expressed views and opinions do not necessarily reflect those of Nasdaq, Inc.



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