Where Will Affirm Stock Be in 3 Years?
Affirm (NASDAQ: AFRM), a leading provider of buy now, pay later (BNPL) services, went public on Jan. 13, 2021. It soared from its IPO price of $49 to a record high of $168.52 on Nov. 4, 2021, but it dropped below $9 the following December.
The bulls were initially impressed by Affirm's rapid growth and early mover's advantage in the booming BNPL market. However, they retreated as its growth cooled off and rising interest rates compressed its valuations and highlighted its ugly losses.
But as of this writing, Affirm's stock trades at about $66. Its stock bounced back as interest rates declined and its growth accelerated again. Can it maintain that momentum and drive its stock even higher over the next three years?
Source Fool.com
