Affirm Holdings (NASDAQ:AFRM) is feeling the heat. Shares dropped more than 9% in Monday's premarket trading after Klarna (KLAR) filed for a U.S. IPO, giving investors another buy now, pay later (BNPL) stock to consider. At the same time, Block (NYSE:XYZ) expanded its Afterpay pay-over-time financing into its hugely popular Cash App, ramping up competition in the space.
Klarna's public debut could shake things up, offering a fresh alternative in the BNPL sector. Meanwhile, Block's move to further integrate Afterpay, which it acquired in 2022, shows it's doubling down on installment payments.
Affirm's stock has already had a rough ride, plunging 38% over the past month, while Block is also down 32%. With Klarna stepping into the U.S. market and Afterpay growing its reach, the BNPL battle is only getting tougher.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。