Affirm extension of Apple Pay partnership reinforces growth, says Evercore ISI

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.