- Affirm saw its stock price decline by more than 50% from its highs following a red-hot IPO in January of this year.
- The company benefits from secular tailwinds of buy-now-pay-later (BNPL) and posted strong fiscal Q3 results on May 10.
- However, its reliance on Peloton and a sluggish forward guidance spooked many investors.
- At a market cap of around $13bn, Affirm’s valuation now seems a lot more reasonable.
- Its recently announced Shopify partnership may provide significant upside moving forward.
For further details see:
Affirm: Attractive Entry Levels In Sight