Loop Capital Initiates Coverage of Affirm With Buy Rating
Investment firm Loop Capital says the buy now, pay later company presents a high-quality growth opportunity with significant upside, according to CNBC.
Loop Capital has initiated coverage of Affirm, a buy now, pay later company, with a buy rating, according to a report by CNBC published Tuesday.
The investment firm characterized Affirm as a high-quality growth story with substantial upside potential, CNBC reported, citing Loop Capital's research note.
Affirm operates in the buy now, pay later sector, which allows consumers to split purchases into installment payments. The company has positioned itself as a competitor in the broader fintech and consumer lending space.
Specific details regarding Loop Capital's price target, projected growth metrics, or the rationale underpinning its bullish stance were not fully disclosed in the available reporting.
CNBC did not immediately provide additional commentary from Affirm regarding the new coverage.
Sources
- This buy now, pay later stock is a high-quality growth story with big upside, Loop Capital says — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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