‘Affirm is clear bright spot’ in the buy now, pay later space: BofA

Bank of America (BofA) analysts identified Affirm as a standout in a new note on buy now, pay later (BNPL) services.

The note, published on October 12, raised BofA’s price target for Affirm from $119 to $160. (AFRM closed at $146.13 on Wednesday.)

“AFRM is the clear bright spot,” the analysts stated. While “all the other BNPL vendors saw deceleration in September app downloads and [monthly active users] growth compared to August and 1H, AFRM was the only provider that saw growth accelerate in…

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