$AFRM

Affirm signed an exclusive, multi-year deal with Sam's Club, Walmart's warehouse club chain, to become its pay-over-time provider. The service will launch online soon and in physical stores in 2027. Affirm lost Walmart's BNPL partnership to Klarna in 2025, which impacted its revenue. Affirm's stock closed down 1.51% on the announcement. Affirm's Q3 revenue grew 33% YoY to $1.04B, with GMV up 35% to $11.6B. Klarna's stock has fallen 56% since its IPO.

Sur la Table partnered with Affirm (AFRM) to offer customers pay-over-time options on its website. Eligible customers can pay for purchases with biweekly or monthly plans, with rates ranging from 0-36% APR. Affirm's services come with no late fees or hidden charges. The partnership aims to provide flexible payment options ahead of the holiday season.

Affirm Holdings (AFRM) shares fell 0.3% in overnight trading, extending a four-day losing streak. Morgan Stanley lowered its price target to $79 but still sees 13% upside. Monness Crespi initiated coverage with a 'Buy' rating and a $90 target. Analysts expect Q1 revenue of $1.21B and EPS of $0.38. AFRM stock is down 6% YTD.

Analysts updated ratings and price targets for various U.S. companies. Notable changes include downgrades for 10x Genomics (TXG) and upgrades for Allegion (ALLE). Price targets were raised for AbbVie (ABBV), Amgen (AMGN), and others, while cuts were seen in sectors like retail and housing. Analysts favored growth and defensive sectors while showing caution toward consumer-sensitive areas.

Monness initiated coverage on Affirm (AFRM) with a buy rating and $90 price target, citing strong underwriting performance and growth potential. The company trades at 12.7x P/E, with 32% revenue growth over the last year. Analysts predict continued profitability despite expected net income decline. Affirm's new AI model and UK expansion with Amazon were also noted.

Truist revised price targets for financial stocks ahead of Q3 earnings. PYPL, AFRM, MA, and V received target increases with 'Hold' or 'Buy' ratings. FISV and SOFI saw target cuts but still imply upside. AFRM and SOFI show the highest potential upside according to Truist.

Affirm, a digital payments company, faced challenges with legacy observability tools during high-traffic events, leading to operational delays and high costs. The company adopted Cortex XCOR from Palo Alto Networks, which unified metrics and logs, optimized data, and improved issue detection. This resulted in a 4x infrastructure scale during Black Friday with zero downtime and significant cost savings.

Affirm (AFRM) signed a multi-year deal with Sam's Club, Walmart's subsidiary, to become its pay-over-time provider. The stock closed down 1.51% at $72.40 on the announcement day. Affirm lost Walmart to Klarna in 2025, which contributed 5% of its GMV and 2% of adjusted operating income. The company is set to report fiscal first-quarter results on November 5.

Affirm is integrating transformer-based machine learning, similar to technology used in large language models, into its underwriting process. According to Affirm President Libor Michalek, this allows the company to better predict consumers' ability and willingness to repay loans. The new model can detect patterns with less engineer direction, potentially approving more loans than before.

Affirm (AFRM) stock rose 10% during a single trading session, reaching $75.35, adding approximately $2 billion in market value. The gain was driven by consistent buying demand throughout the day, with the stock's market capitalization around $22.4 billion.