Was Jim Cramer Right About Otis Worldwide Corporation (OTIS)?

We recently published a list of Was Jim Cramer Right About These 12 Stocks? In this article, we are going to take a look at where Otis Worldwide Corporation (NYSE:OTIS) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 15, Mad Money’s Jim Cramer discussed how certain spin-offs quietly outperformed, praising Otis Worldwide Corporation (NYSE:OTIS) for thriving as a service-heavy elevator company even amid macroeconomic softness.

“Otis Worldwide’s up 121% since the breakup — thank you, Judy Marks — gives you 134% total return including dividends. The elevator business is now worth nearly $40 billion all on its own. Look, a lot of people think of Otis as a traditional movement play — cyclical, hostage to new construction — but in reality the company gets the vast bulk of its money from servicing and repairing existing elevators, which is why even though China’s soft, you still got to repair them.”

A technician in a safety harness inspecting a passenger elevator in a modern office building.

Despite Cramer’s praise, this one barely moved, up just 2.41%, making his enthusiasm feel a bit overstated.

Otis Worldwide Corporation (NYSE:OTIS) continues to benefit from its global elevator servicing operations which provide resilient, recurring revenue.

Overall, OTIS ranks 4th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of OTIS 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 AI stock that is more promising than OTIS and that has 100x upside potential, check out our report about this cheapest AI stock.

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