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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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