“I am Steadfast” On Affirm, (AFRM) Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About. Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the stocks that Jim Cramer talked about.

Affirm Holdings, Inc. (NASDAQ:AFRM) is an American financial services company known for its buy now, pay later services. The shares are down by 23.5% over the past year and by 19.4% year-to-date. Stephens cut the firm’s share price target to $65 from $75 and kept an Equal Weight rating on the shares in early February. The financial firm pointed out that Affirm Holdings, Inc. (NASDAQ:AFRM) was experiencing a multiple compression despite having posted strong fiscal second-quarter earnings. Needham also lowered the share price target in February. It cut the target to $85 from $100 and kept a Buy rating on the stock. As per the financial firm, Affirm Holdings, Inc. (NASDAQ:AFRM) could experience tailwinds from securing a bank charter. Needham added that the BNPL firm’s AI tools can improve its growth and profit margins. Cramer has also discussed Affirm Holdings, Inc. (NASDAQ:AFRM) several times over the past months. Recently, after President Trump suggested a 10% on credit card rates, he commented that the firm could benefit due to its presence in the BNPL market. In this appearance, he briefly mentioned the stock after interviewing Affirm Holdings, Inc. (NASDAQ:AFRM)’s CEO:

“The buy now pay later firm, known as Affirm, delivering a quarterly earnings beat. 30% increase in sales, company also investing in new AI tools for merchants. I here the stock’s down, that’s about as, that’s stupid, I’m a little judgemental there.

While we acknowledge the potential of AFRM as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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