KPLT - Understanding Katapult's Decline And The Opportunity Ahead
- Katapult cut guidance for 2021 due to macro issues as well as prime lenders reaching down the waterfall.
- However, most of these are short-term issues and Katapult's long-term growth should remain unaffected as e-commerce penetration increases.
- In addition, Katapult could potentially sign a partnership with Amazon through its relationship with Affirm.
- Overall, Katapult's current valuation seems to imply very conservative growth and does not reflect its profitable business nor the potential for an Amazon partnership.
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Understanding Katapult's Decline And The Opportunity Ahead