Why Investors Were So Affirmative on Affirm Holdings This Week

Buy now, pay later (BNPL) company Affirm Holdings (NASDAQ: AFRM) was a hot item on the stock exchange over the past few days. According to data compiled by S&P Global Market Intelligence, the company's shares improved by 17% in price week to date as of early Friday morning. A continuing series of analyst price target raises, plus a deal with a large online travel agency (OTA) were the key factors behind the rise.With recent news of an estimates-beating quarter at its back, Affirm has been quite the stock analyst darling this month. In the wake of that fiscal first-quarter earnings release near the start of November, a clutch of pundits got progressively more bullish on the company's future. The stampede slowed but didn't stop this week. Analysts at both Barclays and Mizuho weighed in with fresh takes on Affirm that featured price target raises.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool