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0.00114671163575053 0.00438448566610459 6.74536256325081E-05 0.0034401349072514 0.0127487352445195 0.000968634064081083 -0.00661045531197295 -0.0158516020236087
Stock impact report

Affirm (AFRM) Soars 11.8% on Amazon Contract Renewal [Yahoo! Finance]

Affirm Holdings, Inc. - Class A (AFRM) 
Company Research Source: Yahoo! Finance
Affirm Holdings snapped a three-day losing streak on Tuesday, jumping 11.77 percent to close at $73.39 apiece as investors cheered news that it successfully renewed its partnership with e-commerce giant Amazon Inc. According to the company, it was able to renew its contract with Amazon for another five years until January 2031, largely on terms in line with the current program. Affirm Holdings Inc. (NASDAQ:AFRM) started its partnership with Amazon in August 2021, where it was tapped to provide flexible payment solutions to the e-commerce giant's customers. Following the news, Affirm Holdings Inc. (NASDAQ:AFRM) reaffirmed its “outperform” rating from investment firm Evercore ISI, alongside a price target of $95. The figure marked a 29 percent upside potential from its latest closing price. According to Evercore ISI, its coverage reflected expectations that international volume growth would significantly benefit the company in 2027 and beyond. Founded in 2012, Affirm Holdings Show less Read more
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