Will Affirm Be a Trillion-Dollar Stock by 2030?
Affirm (NASDAQ: AFRM), a provider of "buy now, pay later" (BNPL) services, has been a red-hot fintech stock this year. It went public in January at $49 per share, opened at $90.90 on the first day, and currently trades at nearly $120, which gives it a market cap of nearly $30 billion. However, Affirm is still a lot smaller than Square (NYSE: SQ) (soon to be named Block, effective Dec. 10), which is valued at nearly $90 billion, or PayPal (NASDAQ: PYPL), which has a market cap of $210 billion. Both of those digital payment companies have expanded into the BNPL market over the past year.
Could Affirm evolve into a much larger company over the next decade? Let's examine its business, its potential growth rates, and long-term valuations to see if it has a shot at becoming a trillion-dollar company by 2030.
Image source: Getty Images.
Source Fool.com
