Affirm Holdings: Undervalued With Potential For Re-Rating And Long-Term Growth
Affirm(AFRM) Seeking Alpha·2024-06-20 20:12
B4LLSBeing a bet on falling interest rates, Affirm Holdings, Inc. (NASDAQ:AFRM) has most recently disappointed expectations. The central bank’s decision to delay the rate cut timeline also set back my investment thesis with regard to the buy now, pay later company a little bit, but I think the value proposition, for long-term investors anyways, has improved here lately. I say this because Affirm Card adoption metrics and gross merchandise volume trends look healthy and the BNPL market opportunity remain ...