Jim Cramer on Affirm Holdings' CEO: "People Keep Underestimating This Man"

Affirm Holdings, Inc. (NASDAQ:AFRM) is one of thestocks Jim Cramer talked about. Inquiring about the stock, a caller highlighted its more than 120% share price increase and expressed confidence that the company will benefit significantly from future Federal Reserve rate cuts. In response, Cramer said:

“You are wrong. It’s going much higher. And as much as I appreciate your enthusiasm for the stock… I think that you aren’t enthusiastic enough because Max Levchin has it going. People keep underestimating this man. How about $100 by the next time we talk… That’s what I think’s going to happen.”

Affirm Holdings, Inc. (NASDAQ:AFRM) operates a payment platform that lets consumers split purchases over time through point-of-sale solutions, a consumer app, and merchant commerce tools. Its network serves merchants across industries from retail and travel to electronics and fashion. Responding to a caller in an August episode, Cramer said that the company’s stock is going to $100. He commented:

“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.”

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.