This Growth Stock Could Produce 10X Returns

Riskified (NYSE: RSKD) went public in July 2021. After skyrocketing 40% in August, the share price has since fallen and the stock now trades 50% below its high. Of course, it's always risky investing in a newly public company, but there's a lot to like about this fintech business.

Specifically, Riskified has a massive market opportunity and a strong competitive position, and the company should benefit from digital tailwinds as e-commerce becomes more popular. In fact, I wouldn't be surprised to see this stock -- which currently has a market cap of just $3.1 billion -- grow tenfold in the next 10 years.

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Source Fool.com