After Affirm (AFRM) announced an extension of its partnership with Apple Pay (AAPL) that allows users to opt for BNPL checkout options in-store directly through their Apple Pay wallet, Evercore ISI tells investors that the extension reinforces the growth thesis. Affirm’s “best-in-class” BNPL product can now more easily and conveniently access untapped in-store GMV through Apple Pay’s tap-to-pay platform, argues the analyst, who keeps an Outperform rating and $100 price target on Affirm shares.
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