JPMorgan Lifts PT on Affirm Holdings (AFRM) to $94 From $91, Keeps an Overweight Rating

Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the best hot large cap stocks to buy according to hedge funds. On August 29, JPMorgan raised the firm’s price target on Affirm Holdings, Inc. (NASDAQ:AFRM) to $94 from $91, keeping an Overweight rating on the shares.

“I Think the World of Affirm… But Nothing Changes Until Earnings” – Jim Cramer on AFRM’s Path

The rating update came after the fiscal Q4 report, with the firm telling investors in a research note that Affirm Holdings, Inc.’s (NASDAQ:AFRM) gross merchandise volume growth surpassed 40% for the first time since the pandemic.

It added that the company’s notional volume growth attained the highest level on record. The firm also stated that Affirm Holdings, Inc.’s (NASDAQ:AFRM) guidance surpassed expectations on most key metrics.

Affirm Holdings, Inc. (NASDAQ:AFRM) is involved in the operation of a platform for digital and mobile-first commerce. The company’s platform comprises three core elements, including merchant commerce solutions, a point-of-sale payment solution for consumers, and a consumer-focused app.

While we acknowledge the potential of AFRM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AFRM and that has 100x upside potential, check out our report about this cheapest AI stock.

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