Bank of America upgrades Affirm, calls it 'best in class'

Bank of America reinstated a 'Buy' rating on Affirm, calling it the 'best in class' value in payments. Analysts see over 60% upside over the next 12 months, citing steady growth and improving trends. BofA also upgraded rivals like Klarna and Block. Despite the bullish call, retail sentiment dropped to 'extremely bearish' due to AI and regulatory concerns.