Jim Cramer on Affirm Holdings: “I Think a Lot of People Are Betting Against It, It’s a Mistake”

Affirm Holdings, Inc. (NASDAQ:AFRM) is one of Jim Cramer’s stock calls while he discussed the confusion surrounding the Trump-Iran conflict. A caller asked whether they should add to their position, hold, or sell to cut their losses. Cramer replied:

You know, don’t cut your losses. I mean, I just touched base with them on their delinquencies. They’re very low. I think this thing’s going to be a rocket ship. I think a lot of people are betting against it. It’s a mistake. Down 40%, doesn’t make sense to me. Max Levchin’s the real thing. It’s a good operator.

Photo by Anna Nekrashevich on Pexels

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. A caller asked about the stock during the March 4 episode, and Cramer responded:

Oh no, I like Affirm. I like Affirm. I like Max Levchin. I like Affirm. The stock is down way too much. I think it’s at a really attractive level. I couldn’t believe that… might be able to buy it under 50. I would say pull the trigger, Affirm.

We recently covered the company as part of our list of the best growth stocks to buy and hold for the long term. You can read about it here.

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