Reported about 14 hours ago
Oppenheimer has initiated coverage of Affirm, a buy now, pay later provider, rating its stock as 'outperform' with a price target of $80. Analysts praised Affirm's advanced underwriting model that evaluates transactions in real-time, which helps manage delinquencies effectively. This positions Affirm well in the expanding BNPL sector, with expectations for significant growth in gross merchandise volume and operating income over the next two years.
Source: YAHOO