“Affirm (AFRM)’s Been My Favorite,” Says Jim Cramer

We recently published 8 Stocks on Jim Cramer’s Radar. Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the stocks on Jim Cramer's radars.

Affirm Holdings, Inc. (NASDAQ:AFRM) is an American payments network operator. Cramer discussed the firm on the episode of Mad Money aired on December 15th as he recalled the reaction to the fiscal first quarter earnings. These results, which were released on November 6th, saw Affirm Holdings, Inc. (NASDAQ:AFRM) post $933 million in revenue and $0.23 in earnings per share. Both of these beat analyst estimates of $883 million and $0.11. Cramer called the earnings “impressive” and added that the stock had drifted lower since then due to concerns about consumer spending. On December 9th, Wolfe Research initiated coverage of Affirm Holdings, Inc. (NASDAQ:AFRM)’s shares and set a Peer Perform rating. The analysts explained that despite growth drivers, the firm’s current valuation left little room for additional upside. Affirm Holdings, Inc. (NASDAQ:AFRM)’s shares also jumped in December after news broke about the firm renewing its contract with Amazon. Cramer briefly discussed the stock in this appearance and praised the firm and its CEO:

“Affirm’s been my favorite, that’s Max Levchin, he’s great.”

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.

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