Buy Now, Pay Later (BNPL) Stocks Could Be the Biggest Winners This Holiday Season
When it comes to capitalizing on the key holiday shopping season, many investors first think of retail stores, e-commerce leaders, or manufacturers of specific products that happen to be popular in any given year.
But if early data from this year's holiday season are any indication, a different group of companies are set to lead the way when all is said and done in 2023: buy now, pay later (BNPL) stocks.
It's debatable whether the sharp rise of BNPL services is actually a good sign for the health of consumers and the broader economy. But rise they have this holiday season; recent research from Analytics showed BNPL purchases accounted for $8.3 billion in online spending from Nov. 1 through Nov. 27, up 17% year over year.
Source Fool.com
Adobe Inc. Stock
€457.60
-0.220%
With 45 Buy predictions and 2 Sell predictions Adobe Inc. is one of the favorites of our community.
As a result the target price of 590 € shows a positive potential of 28.93% compared to the current price of 457.6 € for Adobe Inc..
