Affirm signed an exclusive, multi-year deal on October 22 to become Sam's Club's pay-over-time provider, and the stock closed down 1.51% at $72.40 that day. The deal comes about 19 months after Klarna replaced Affirm as Walmart's installment partner, though terms were not disclosed. Affirm's Sam's Club service will go live on SamsClub.com in the coming weeks and in clubs in 2027, so the September quarter will not include it. The article links recent weakness to rate fears: September consumer prices rose 3.7% from a year earlier, the 10-year Treasury yield closed at 5.19%, and Affirm fell more than 11.5% at one point. Goldman Sachs cut its target to $103 from $115 on October 13 while keeping a Buy rating, and the Street mean sat near $99 ahead of fiscal first-quarter results due November 5 and a Fed decision on October 28.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Affirm Lost Walmart to Klarna in 2025. Now It Has Sam’s Club. Here’s What Moves the Stock Before November 5
Read the original on Yahoo Finance ↗
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