Jim Cramer Believes “Affirm’s Going Straight” to 100

Affirm Holdings, Inc. (NASDAQ:AFRM) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday’s market rotation. When a caller inquired about the stock, praising the company’s CEO Max Levchin, Cramer commented:

He’s smarter than I am. I think like he’s like the smartest guy on Earth… I will tell you this: I think Affirm’s going straight… [to] $100. I loved that last quarter.

Photo by Nicholas Cappello on Unsplash

Affirm Holdings, Inc. (NASDAQ:AFRM) provides a digital payment platform that enables consumers to pay for purchases over time through its point-of-sale solutions and app. Cramer was bullish on the stock during the May 8 episode, as he commented:

Alright, what do we make of these numbers from Affirm Holdings, the king of buy now, pay later? This stock’s been roaring, up about 30% since its early April lows, but it’s still down 13% for the year, and it got hit hard today, off 5%. Why? Okay, last night, Affirm reported what I thought was a terrific quarter. This is now a very profitable business, and Affirm’s network has gotten a lot more powerful… I think you’re getting a great opportunity here.

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