Affirm Set To Drive GMV Growth From Lower Interest Rates And Apple Pay Partnership - Analyst Upgrades Stock
Portfolio Pulse from Lekha Gupta
Affirm Holdings, Inc. (AFRM) shares rose after Wedbush upgraded its rating and increased the price target, citing benefits from lower interest rates and a partnership with Apple Pay. The analyst expects improved margins and GMV growth, though competition and recession risks remain.
October 14, 2024 | 5:50 pm
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POSITIVE IMPACT
Affirm Holdings received an upgrade from Wedbush, with a new price target of $45, due to expected benefits from lower interest rates and an Apple Pay partnership. Shares increased by 4.91%.
The upgrade and increased price target from Wedbush, along with the positive outlook on lower interest rates and the Apple Pay partnership, are likely to drive short-term positive sentiment and stock price increase for AFRM.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Affirm through the Amplify Digital Payments ETF, which may benefit from Affirm's stock upgrade and positive outlook.
As IPAY includes Affirm, the positive news and stock upgrade for Affirm could indirectly benefit the ETF, potentially leading to a positive impact on its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tidal Trust II Clockwise Core Equity & Innovation ETF includes Affirm, which may see positive effects from Affirm's stock upgrade and growth prospects.
TIME holds Affirm, and the positive developments for Affirm could lead to a favorable impact on the ETF's performance, as Affirm's stock price is expected to rise.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50