Affirm stock selloff overdone after Walmart/Klarna partnership, BofA says

After OnePay, the Walmart-backed (WMT) finance app, announced that Klarna (KLAR) will be its exclusive provider for installment loans for purchases made at Walmart. Affirm Holdings (NASDAQ:AFRM) stock slumped 4.2% on Monday. The stock dropped 8.5% late Tuesday morning.

However, BofA Securities analyst Jason