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Affirm rallies 6% after Bank of America raises price target to $104 amid easing yields.

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02 Sep 2026

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Bullish

Affirm rallies 6% after Bank of America raises price target to $104 amid easing yields.

Affirm's stock surged 6% following Bank of America's increase of its 12-month price target to $104 from $93, driven by optimistic fiscal 2027 growth prospects and easing Treasury yields. Other buy-now-pay-later stocks like Sezzle, PayPal, and Klarna also rose due to favorable rate conditions. Affirm's recent strong earnings report and potential new business drivers add to investor confidence. The key factor to watch is Affirm's credit quality in coming quarters, which will indicate whether rising installment demand reflects consumer budgeting or financial strain.

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SoFi Technologies' stock has dropped 44% year-to-date in 2026, significantly underperforming other major fintech companies like Robinhood and Affirm. The company recently launched SoFi Earn, a crypto-linked tokenized bank deposit product aimed at act...

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Bearish

1 day ago

Affirm rallies 6% after Bank of America raises price target to $104 amid easing yields.

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SoFi stock plunges 44% in 2026 amid fintech peers' resilience, eyes on new crypto product and upcoming earnings.

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