Worldline’s Concerns Impact FinTech Sector, Analyst Says Affirm and Block’s Reactions Unwarranted with Limited EU Exposure

Worldline’s warning of a “macroeconomic deterioration” in core geographies like Germany hurts the entire FinTech sector pre-market, Mizuho analyst Dan Dolev noted.

Key stocks like Affirm Holdings, Inc (NASDAQ:AFRM) (Buy rating, price target $24), Block, Inc (NYSE:SQ), and PayPal Holdings, Inc (NASDAQ:PYPL) (Buy rating, price target $92) are each trading down.