Amazon Partners with Affirm to Deliver Pay-Over-Time Option at Checkout

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Go back to Amazon Partners with Affirm to Deliver Pay-Over-Time Option at Checkout

Affirm (AFRM) Explodes 37% on a BNPL Deal with Amazon (AMZN), Survey Shows Almost 50% Shoppers Plan to Use New Offering; Analysts Positive and Raise PTs

August 30, 2021 6:54 AM EDT

Shares of Affirm (NASDAQ: AFRM) are up over 37% in pre-open Monday after the company announced a partnership with Amazon (NASDAQ: AMZN).

Selected Amazon customers can now split the total cost of their purchase of $50 or more into monthly installments.

By partnering with Amazon were bringing the transparency, predictability and affordability that Affirm provides today to the millions of people who shop on Amazon.com in the U.S., said Eric Morse, Senior Vice President of Sales at Affirm.

Offering Affirms alternative to credit cards also... More

Affirm Holdings Inc. (AFRM) PT Raised to 'Street High' $120 at Morgan Stanley on Amazon Deal

August 30, 2021 6:22 AM EDT

Morgan Stanley analyst James Faucette raised the price target on Affirm Holdings Inc. (NASDAQ: AFRM) to a "Street High" $120.00 (from $73.00) while maintaining a Overweight rating.

The analyst commented, "Affirm announced that it would become an accepted payment method for AMZN. We think... More

Affirm Holdings Inc. (AFRM) PT Raised to $110 at Mizuho Securities; Survey Shows 50% of Amazon Customers to Use BNPL Offering

August 30, 2021 6:18 AM EDT

Mizuho Securities analyst Dan Dolev raised the price target on Affirm Holdings Inc. (NASDAQ: AFRM) to $110.00 (from $76.00) while maintaining a Buy rating after conducted a proprietary survey of over 200 Amazon customers in the US following the deal announced on Friday.

The analyst... More