Loop Capital Splits on Buy-Now-Pay-Later Names: Buy Affirm and Dave, Hold Klarna
The brokerage's initiations single out credibility concerns at Klarna while citing growth potential at Affirm and a fintech opportunity at Dave.
Loop Capital initiated coverage on three buy-now-pay-later and fintech names in the same batch, rating Klarna a hold over credibility concerns while starting Affirm and Dave at buy.