Jim Cramer on Affirm: “I Think That Stock Is Going to Par, Which Is Genuine Wall Street Gibberish for $100”

Core Insights - Affirm Holdings, Inc. (NASDAQ:AFRM) is viewed positively by Jim Cramer, who believes the stock could reach $100 from its current price of $80 [1] - The company reported a strong last quarter, beating earnings expectations by 12 cents and showing higher-than-expected revenue, which initially drove the stock price up over 11% [1] - Despite the positive quarterly results, the stock has since declined to around $65 due to concerns about consumer spending, which Cramer argues is unwarranted given recent positive retail earnings and a recent interest rate cut by the Federal Reserve [1] Company Overview - Affirm Holdings provides a digital payment platform that allows consumers to pay for purchases over time through point-of-sale solutions and an app [1] - The company is recognized as a leader in the "buy now, pay later" sector [1] Market Context - The stock market data indicates an upward trajectory for Affirm Holdings, particularly following its impressive quarterly results [1] - Recent economic indicators, including a Federal Reserve interest rate cut and positive earnings from various retailers, suggest a stable consumer environment [1]