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.

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.

While we acknowledge the risk and potential of AFRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AFRM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1