Buy now, pay later stocks (BNPL) are still explosive, we said earlier this month.
In fact, from a market valuation of about $156.58 billion in 2023, the BNPL market is expected to rally to more than $1 trillion by 2028.
According to WhaTech, “The growth in the forecast period can be attributed to expansion of bnpl services to physical retail, growth in cross-border e-commerce, adoption by traditional retailers, emphasis on responsible lending and consumer protection, rise of embedded finance and BNPL as a service.”
More than 100 million consumers have used BNPL so far, says TransUnion. As noted by Forbes, “Eighty-nine percent of BNPL users were satisfied or highly satisfied with their experiences. Many respondents even found BNPL preferable to traditional options when buying certain products, such as electronics, clothing and furniture. Among the reasons: It helps them afford a larger purchase, it’s easy to apply, and they can typically borrow interest-free.”
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Company: Affirm Holdings (SYM: AFRM) It’s why stocks like Affirm Holdings (SYM: AFRM) are rocketing higher. Since bottoming out at around $22.50 in August, AFRM is now up to $67.50. Helping, the company’s recent EPS loss of 31 cents beat by three cents. Revenue of $698.5 million, up 40.7% year over year, beat by $34.51 million. The company also expects to achieve operating income profitability by the fourth quarter of 2025. |
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Company: PayPal (SYM: PYPL) PayPal (SYM: PYPL) has also benefited from the growing BNPL demand. Since bottoming out at around $57.50 in late July, it’s now up to $86.55 and could also see higher highs. While its revenue of $7.8 billion, up 5.4% year over year, missed by $90 million, its EPS of $1.20 did beat by 13 cents. Helping, a good deal of analysts just raised their price targets on PYPL. That includes JPMorgan, Morgan Stanley, RBC Capital, Baird, UBS, Canaccord, Bank of America, Susquehanna, BMO Capital and Macquarie. UBS, for one, raised its target on PYPL to $85 a share after PYPL raised its fiscal year 2024 guidance. |
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