Although Affirm Holdings (NASDAQ:AFRM) stock jumped upward on Jan. 28, I wouldn’t expect it to continue that momentum.
Let’s just jump right into it because the temporary good news looks to be just that, temporary.
Wall Street Upgrade
Affirm Holdings is a buy now, pay later (BNPL) business. It’s fundamentally different to credit cards which customers have grown accustomed to. Basically, customers don’t have to pay interest fees. A $100 BNPL purchase will cost you $100 in future payments.
That’s attractive to be sure. And it has caused investors to pile into AFRM stock which has shown strong growth.
Continue reading about Affirm stock here
The post Affirm Stock Got a Bump Upward Investors Shouldn’t Trust originally appeared at InvestorPlace.