Is Now The Time to Buy Affirm?
Affirm Holdings (NASDAQ: AFRM) posted a $247 million net loss in its latest quarter. Since going public on Jan. 13, its stock has fallen 31%. Investors have expressed concern about the fintech company's reliance on Peloton Interactive for a big chunk of revenue, and Affirm has in fact estimated that Peloton's voluntary treadmill recall will cost it millions in potential losses.
Despite this, I think things are looking up for Affirm. The buy-now-pay-later specialist is working toward diversifying its income streams, and its partnership with Shopify should give it a big boost in the coming quarters. Not only that, but the company stands to benefit from the reopening of the economy; many of its travel-industry partners are already seeing increased bookings.
Source Fool.com
