Affirm stock rockets after company lands partnership with Target

Shares of Affirm Holdings Inc. AFRM, +14.53% are up much than 14% successful Wednesday day trading aft Target Inc. TGT, -0.35% announced that it would statesman allowing customers to marque purchases with the company's buy-now pay-later technology. The statement with Target isn't exclusive, arsenic Target is besides introducing capabilities from Sezzle that volition fto customers wage for goods successful installments. Affirm shares person been blistery successful caller months arsenic the institution announced a partnership with Amazon.com Inc. AMZN, +0.95% and outlined plans to determination beyond the checkout button. Affirm plans to motorboat a debit card that volition fto consumers divided purchases aft the fact, and it besides intends to fto customers ain crypto assets successful their Affirm savings accounts. Shares person gained 89% implicit the past 3 months arsenic the S&P 500 SPX, -0.24% has dipped 0.8%.