Affirm Stock Up After Apple Partnership, But Analysts Remain Cautious

Affirm Stock Up After Apple Partnership, But Analysts Remain Cautious

Affirm Holding Inc (AFRM: NSD) stock price surged after the announcement of a major partnership with tech giant Apple (AAPL: NSD). The deal will see Affirm integrated into Apple Pay, allowing users to split purchases into installments. This news has investors wondering: is now the time to buy Affirm stock?

 

Stock Target Advisor’s Analysis on Affirm: 

Stock Target Advisor gives Sell ratings to Affirm stock. The consensus among analysts also echoes a similar sentiment with an average target price of $38.44 and an average analyst rating of ‘Hold.’

 STOCK comparison

Affirm boasting a 1-year change of +109.80% and a weekly change of +4.75% prompts Stock Target Advisor to assume a bearish stance on Affirms future. Constructive signal analyses identified positive cash flow and a high market capitalization. However, it concurrently cites the negatives— high volatility, poor risk-adjusted returns, and its overpriced nature on a cash flow basis with negative free cash flow, all underpinning Affirm highly leveraged position.

 

The Bottom Line: 

The Apple partnership is a positive development for Affirm, but it’s not a guaranteed path to success. Carefully consider the factors mentioned above before deciding whether to invest in Affirm stock.

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