Synchrony Partners With Adobe Commerce to Enhance Merchant Financing

In a strategic move to empower online merchants, Synchrony Financial SYF announced its partnership with Adobe Commerce to enhance the digital commerce landscape. This collaboration is designed to boost e-commerce growth by enabling flexible payment options at checkout.It marks a pivotal step forward in the world of digital commerce and fintech. Synchrony’s set of credit solutions, ranging from extended-term credit cards to pay-later installment financing, will now be accessible to a wide merchant base of Adobe Commerce. This collaboration will benefit both companies as it will increase customer affordability, and enhance cart conversion rates and order size. With financing options seamlessly integrated into the shopping experience, sellers can provide instant credit decisions and payment plans that align with what consumers want in today’s buy now, pay later (BNPL) world. Plus, at a time when consumer spending habits are changing, this integration offers a much-needed solution. The flexibility in financing can really help shoppers, especially when it makes it easier to afford high-priced items.In conclusion, this partnership showcases a changing retail landscape where financing solutions play a crucial role, not just behind the scenes but right at the forefront of customer interaction and business expansion. It’s a smart, progressive step that places both Synchrony and Adobe Commerce right at the crossroads of technology, finance and customer experience. With rising demand for BNPL and growing macroeconomic and consumer spending concerns, the partnership is expected to garner immense value. SYF Stock Price PerformanceIn the past six months, Synchrony shares have declined 15.1%, narrower than the industry’s average of 16.3%.Image Source: Zacks Investment ResearchSYF’s Zacks Rank & Key PicksSYF currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader finance space are Atlanticus Holdings Corporation ATLC, Oportun Financial Corporation OPRT and Acadian Asset Management Inc. AAMI, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Atlanticus’ current-year earnings is pegged at $6.17 per share, up from 29.4% a year ago. Atlanticus beat earnings estimates in each of the past four quarters, with an average surprise of 11.41%. The consensus mark for its current-year revenues is pegged at nearly $1.5 billion, which indicates a 10.8% year-over-year jump.The Zacks Consensus Estimate for Oportun’s 2025 earnings implies 65.3% year-over-year growth. In the past two months, Oportun has witnessed four upward estimate revisions against none in the opposite direction. It beat earnings estimates in each of the past four quarters, with an average surprise of 209.3%.The Zacks Consensus Estimate for Acadian’s current-year earnings is pegged at $2.89 per share, implying 4.7% year-over-year growth. In the past week, Acadian has witnessed one upward estimate revision against none in the opposite direction. The consensus mark for the current-year revenues suggests a 7.8% year-over-year increase. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synchrony Financial (SYF): Free Stock Analysis Report Atlanticus Holdings Corporation (ATLC): Free Stock Analysis Report Oportun Financial Corporation (OPRT): Free Stock Analysis Report Acadian Asset Management Inc. (AAMI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks