Jim Cramer Says Affirm is Going to $100

Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the stocks Jim Cramer recently discussed. When a viewer called looking for confirmation of Cramer’s bullish view on the company, he remarked:

“It’s at $72, it’s going to $100, okay? Now, I usually don’t talk like that except for, I talk like that with Palantir. 72 goes to 100. I say get on board, Affirm. Yes, get on board. Affirm.”

Photo by Yiorgos Ntrahas on Unsplash

Affirm Holdings, Inc. (NASDAQ:AFRM) provides a payment platform offering point-of-sale financing, merchant commerce solutions, and a consumer app that enables purchases to be paid over time. Cramer commented on the stock in an April episode. He remarked:

“Well, I think the world of Affirm, but it’s what I call an earnings stock. In other words, it doesn’t really do anything, change direction until you add the earnings. Right now, the direction is down. When we see the company report on May 8th, I think that therefore we could change direction again because I think that there’s no doubt Matt Levchin delivers good quarter after good quarter. But then in between, it trades down and you’re dealing with that. I don’t think it reverses until we get to May 8th.”

Since the above comment, the company’s stock price has gained over 100%.

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Disclosure: None. This article is originally published at Insider Monkey.