Affirm Holdings Inc. (AFRM) stock soared 5.09% in early trading on Monday, riding on heightened optimism ahead of its upcoming earnings release and positive developments that underscored its growth potential.
Investors piled into the fintech company's shares, encouraged by bullish analyst commentary and robust growth projections. Barclays raised its price target on AFRM to $85 from $75, reflecting an upbeat outlook for the company's prospects. Additionally, the stock earned a Zacks #1 Strong Buy rating, citing its impressive earnings revision trend and solid growth estimates.
Affirm's recently announced partnership with Coast Dental to provide flexible payment plans for dental services also fueled enthusiasm about the company's expansion into new verticals. This strategic move not only broadens Affirm's reach but also highlights the growing demand for its innovative payment solutions across various industries.
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