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Affirm's Stock Soars on Major Loan Deal with Liberty Mutual Investments

Affirm's Stock Soars on Major Loan Deal with Liberty Mutual Investments

Affirm Holdings has seen a significant rise in its stock price, climbing 2.9% to $58.43 following the announcement of a substantial loan deal with Liberty Mutual Investments. This partnership, which extends through June 2027, involves Liberty Mutual purchasing Affirm's installment loans up to a staggering $750 million, with plans to invest as much as $5 billion over time. This move is part of a long-term capital partnership that began in 2019 and aims to enhance Affirm's ability to offer flexible payment options to consumers. The announcement comes on the heels of a similar deal with Sixth Street, which will see an investment of up to $4 billion in Affirm loans over three years. Analysts view these loan agreements as strategic steps for Affirm to grow its business while minimizing risk. Mizuho Securities analyst Dan Dolev has expressed optimism about Affirm's prospects, rating the shares as Outperform.

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