BTIG reports that the deal with OpenAI positions Etsy at the forefront of agentic commerce, highlighting a significant advancement in the integration of AI technology into e-commerce platforms.
SoFi Technologies received a Buy rating from BTIG, which called it the "top pick" among financial technology companies. The stock rose following the announcement.
BTIG analyst Lance Jessurun initiated coverage of several fintech firms, including PayPal, SoFi Technologies, and Upstart Holdings, with Buy ratings, citing a preference for names tied to recurring IT spend. SoFi and Jack Henry & Associates are most favored, with SoFi well-positioned to succeed against a gloomy consumer financial spending outlook. Affirm is the only stock that nabbed a Sell rating due to its exposure to discretionary spending and expense growth outpacing revenues.