Affirm Stock Surges 12% on Amazon Partnership Renewal
Affirm Holdings shares rallied sharply after securing a five-year extension of its buy-now-pay-later partnership with Amazon. The deal cements Affirm's position as a payment option on the e-commerce giant's platform during peak shopping seasons.
CFO Rob O'Hare struck an optimistic tone during investor discussions, citing strong quarter-to-date performance and stable delinquency metrics. Market response was immediate, with shares reaching their highest level in a month.
Analyst sentiment remains bullish, with Evercore ISI maintaining its outperform rating and $95 price target. The company dismissed third-party data suggesting volume declines as methodologically flawed.