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Shares of fintech firms like Affirm, Robinhood, and SoFi have plummeted following the announcement of a 10% US tariff on goods, raising concerns about consumer spending and loan repayment capabilities. Affirm's stock has dropped over 21%, while Robinhood and SoFi have seen declines of 17% and 20%, respectively. The tariffs are expected to disproportionately affect lower and middle-income households, which make up a significant portion of fintech customers, potentially increasing delinquency rates and impacting revenue streams.
Deutsche Bank has reaffirmed its Buy rating on Shopify stock with a $150 price target, reflecting confidence in the company's market positioning and growth potential. Shopify is benefiting from retail trends such as unified commerce and Generative AI, alongside strong revenue growth of 25.78% over the past year. The company is gaining traction in the mid-market and enterprise segments, driven by dissatisfaction with existing vendors, while an expanded partnership with Affirm Holdings is set to enhance its payment services.
JPMorgan Chase's payments unit has partnered with buy-now-pay-later provider Affirm, making its services available at checkout for purchases between $35 and $30,000. Customers can choose payment terms from 30 days to 5 years, with biweekly or monthly payments and no hidden fees. This follows a similar agreement with Klarna, which recently secured an exclusive BNPL deal with Walmart as it prepares for a U.S. IPO.
Affirm has partnered with JPMorgan Chase to offer buy now, pay later (BNPL) services to merchants, integrating Affirm as a payment option at checkout. This collaboration aims to meet the growing demand for flexible payment solutions, enhancing customer experiences and increasing merchant sales. Meanwhile, Klarna has also formed a similar partnership with JPMorgan, intensifying competition in the BNPL sector.
Affirm Holdings Inc. has expanded its partnerships with J.P. Morgan Payments and Adyen, enhancing its payment options for U.S. merchants and increasing its market reach. Goldman Sachs maintains a Buy rating with a $56 price target, while BMO Capital Markets projects a recovery path with potential earnings growth by 2027. Despite a 46% year-over-year revenue increase, Affirm remains unprofitable, facing challenges from competition and regulatory risks.
Affirm Holdings has expanded its partnership with J.P. Morgan Payments, integrating its pay-over-time solutions into the bank's Commerce Platform. This collaboration enables U.S. merchants to offer flexible financing options at checkout, enhancing consumer purchasing power. With active users growing 23% year-over-year to 21 million and Gross Merchandise Volume exceeding $10 billion, Affirm's transparent financing approach is gaining traction in the retail sector.
Goldman Sachs has reaffirmed its Buy rating on Affirm Holdings Inc. (NASDAQ: AFRM) with a price target of $56. Analyst Will Nance expressed confidence in the company's prospects, highlighting its potential for growth in the market.
JPMorgan Chase & Co. has partnered with Affirm Holdings Inc. to integrate buy-now, pay-later (BNPL) solutions into its merchant network, enabling US retailers to offer installment loans for purchases between $35 and $30,000, with terms from 30 days to 60 months. Michael Lozanoff, global head of merchant services, highlighted the increasing demand for diverse payment options, driven by the rise in online shopping during the pandemic. This collaboration follows JPMorgan's recent agreement with Klarna Group Plc, intensifying competition in the BNPL sector.
JPMorgan Chase & Co. is expanding its partnerships with buy-now, pay-later providers by collaborating with Affirm Holdings Inc. This agreement allows US retailers using Chase’s platform to offer Affirm’s installment loans for purchases between $35 and $30,000, with payment terms ranging from 30 days to 60 months.
Clinical AI leader Navina has successfully raised $55 million in Series C funding, with the round led by Growth Equity at Goldman Sachs Alternatives. This investment highlights the growing interest in AI technologies within the healthcare sector.
Affirm Holdings, Inc.
Companies
| Symbol | AFRM |
| Name | Affirm Holdings, Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Software & Services |
| Industry | IT Services |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | San Francisco |
| Zipcode | 94108-2716 |
| Website | http://www.affirm.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
fintech stocks decline as new us tariffs raise economic concerns
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