Should You Buy Affirm While It's Below $85?
The company surged to new 52-week highs after it unveiled surprisingly strong earnings.
The credit card industry is under attack. Buy Now, Pay Later is proving popular among young spenders, led by companies like Affirm (NASDAQ: AFRM), who recently wowed Wall Street with stellar earnings for its most recent quarter (ending December 31, 2024). The stock soared over 20% after the company surpassed marketwide revenue estimates and broke even on operating margin.
It's newsworthy anytime a stock jumps 20% in a day, but those following the name know this is simply an extension of Affirm's success. The stock has appreciated a whopping 677% since the start of 2023!
Investors undoubtedly want to know whether Affirm's rally still has legs or if the window of opportunity is about to close. Let's look at whether investors should buy Affirm under $85 today.
