Square and PayPal also benefit from Affirm’s gains
- Affirm’s stock soars after expanding partnership with Walmart
- Buy-now-pay-later option now available at Walmart self-checkout kiosks
- Shares of Square and PayPal also rise in response to Affirm’s gains
Shares of Affirm Holdings Inc. have surged after the company announced an expansion of its partnership with Walmart. Affirm’s buy-now-pay-later option will now be available at self-checkout kiosks in over 4,500 Walmart stores in the U.S. This move aims to increase consumers’ purchasing power during the holiday shopping season and beyond. The stock rally has also positively impacted other buy-now-pay-later service providers, including Square and PayPal. Analysts remain optimistic about Affirm’s profitability and growth potential, despite recent valuation concerns. Affirm’s stock has experienced significant growth this year, driven by increased usage of buy-now-pay-later services. However, some analysts suggest that the stock may be due for a breather after its recent rally.
Public Companies: Affirm Holdings Inc. (AFRM), Walmart Inc. (WMT), Block Inc. (SQ), PayPal Holdings Inc. (PYPL)
Private Companies:
Key People: Pat Suh (Senior Vice President of Revenue at Affirm), James Friedman (Susquehanna Analyst), James Faucette (Morgan Stanley Analyst), Reginald Smith (J.P. Morgan Analyst)
Factuality Level: 7
Justification: The article provides information about Affirm Holdings Inc. expanding its services with Walmart to include self-checkout purchases. It also mentions the stock price surge of Affirm and its impact on other buy-now-pay-later service providers. The article includes quotes from Affirm’s senior vice president and analysts’ opinions. However, it lacks in-depth analysis and may be biased towards positive views of the company.
Noise Level: 3
Justification: The article provides information about Affirm’s partnership with Walmart to offer buy-now-pay-later options at self-checkout kiosks. It also mentions the stock price surge of Affirm and its impact on other buy-now-pay-later service providers. However, the article lacks in-depth analysis, evidence, and actionable insights. It mainly focuses on stock prices and analyst ratings, without exploring the consequences of the partnership or the long-term trends in the buy-now-pay-later industry.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Affirm Holdings Inc., Walmart Inc., Block Inc., and PayPal Holdings Inc.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the expansion of Affirm’s services with Walmart, which could have an impact on the financial performance of both companies. However, there is no mention of any extreme event or its impact.
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