JMP Securities upgrades stock amid 38% surge and buy now, pay later method

Fri, Dec 20, 2024, 3:23 PM

JMP Securities upgrades from 'market perform' to 'market outperform,' noting its strong hold in the growing adoption of their buy now, pay later strategy. The expense offers a competitive advantage over credit card companies. Following strong earnings, the stock outperformed with a 38% rise in its stock price.

Market Domination hosts Seana Smith and Josh Lipton note that JMP Securities' reasons for optimism include a benign regulatory landscape under the Trump administration, a quicker path to GAAP profitability by 2025, and momentum in new partnerships.

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This post was written by Josh Lynch