What's Going On With Affirm Stock?
Portfolio Pulse from Erica Kollmann
Affirm Holdings, Inc. (NASDAQ:AFRM) shares are trading higher after Goldman Sachs analyst Will Nance assumed a Buy rating with a $42 price target. The stock had previously fallen due to Apple's discontinuation of its Apple Pay Later feature. Affirm's integration into future iOS versions and new payment options are seen as growth drivers.
June 24, 2024 | 6:26 pm
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NEUTRAL IMPACT
Apple's discontinuation of its Apple Pay Later feature may impact its short-term stock price. However, the integration of third-party services into iOS 18 could offset this impact.
While the discontinuation of Apple Pay Later could have a negative short-term impact, the integration of third-party services into iOS 18 may provide new opportunities, balancing the overall effect on Apple's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Affirm Holdings shares are trading higher after a Buy rating from Goldman Sachs and a $42 price target. The discontinuation of Apple Pay Later and Affirm's integration into future iOS versions are seen as potential growth drivers.
The Buy rating and price target from Goldman Sachs provide a positive outlook for Affirm. Additionally, the discontinuation of Apple Pay Later and Affirm's integration into future iOS versions are seen as growth opportunities, boosting investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100