Jim Cramer on Oddity Tech: “I Thought They Told a Very Good Story, But the Story Did Not Pan Out”

Oddity Tech Ltd. (NASDAQ:ODD) was among Jim Cramer’s recent stock calls on Mad Money. A caller asked whether to sell, hold, or add to a position in the stock after it fell 60% following his earlier recommendation. Cramer replied:

Yeah, that, I tell you, that one just completely, I was shocked. I mean, it was just a huge guide down. I didn’t see it coming. Frankly, that industry is now, I mean Estee Lauder, e.l.f., ODD, it’s just too hard. And that was my bad, that I just did not realize how hard. We had them on the show. I thought they told a very good story, but the story did not pan out. That’s going to happen. That’s not what I want, but it happened.

A stock market graph. Photo by energepic.com

Oddity Tech Ltd. (NASDAQ:ODD) develops digital-first beauty and wellness brands using AI-driven technology to create personalized products. During the March 3 episode, a caller asked if it was a good time to start a position in the stock, and Cramer responded:

You know what, I gotta tell you… that quarter was so bad that my rule is you gotta wait another full quarter before you put that money in… You’re right to think about Oddity, but I want you to think higher quality. I would even buy Ulta, okay? I like Ulta. I like CVS, too.

While we acknowledge the risk and potential of ODD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ODD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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