Affirm is teaming up with Target and Sezzle before the holiday season. The innovative payment processing company targets millennials.
Nearly a month ago, we’ve discussed the hottest IPO of the year: Affirm. Since then, the share price has increased by about 53%. In other words, if you invested $1,000 in this stock a month ago, you would now be the proud owner of $1,530 without any effort. Yet, is this stock worth holding or is it about to cool off?
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What Is Affirm?
Affirm is an innovative, disruptive company that provides quick, affordable and secure payment processing.
Should I Buy Affirm Today?
In a previous article, we discussed how Affirm held the hottest IPO of this year and reported a revenue increase of 93% in FY2020. This started the share price rally, and it seems that it is far from cooling off.
The company has made the headlines once again, bringing more good news to its investors. This week, the share price sky-rocketed as the company teamed up with Target and Sezzle for the holiday rush.
In short, Target announced that the partnership will allow customers to enjoy flexible payment options, known as “buy now, pay later”. This service is now booming among young shoppers or people without credit cards.
Affirm is already working with Amazon and Walmart, providing a strong buy opportunity, reaching its all-time high share price of $133.9.
Affirm Price Prediction 2021
Affirm is estimated to reach an all-time high price of $150 in the next 12 months.