Reported 8 months ago
Goldman Sachs has upgraded Affirm (AFRM) to a Buy rating with a $42 price target, calling it the leading provider of modern credit solutions in the buy now, pay later (BNPL) industry. This comes after analysts resumed coverage on the fintech company, and Affirm shares jumped over 7% in Monday's session following the bullish call. The stock had been down over 30% year-to-date, but recent upgrades and partnerships, like the one with Apple, are contributing to positive movements.
Source: YAHOO