Jim Cramer Urges Waiting on Oddity Tech After ‘Bad’ Quarter and 4.7% Drop
Jim Cramer said Oddity Tech Ltd.’s latest quarter was “so bad” that investors should wait a full quarter before buying and instead consider higher-quality names like Ulta and CVS. He noted Oddity Tech shares fell 4.7% after a prior 6.5% gain and trade at about 17 times next-year earnings.
1. Cramer’s Recommendation on Timing
Jim Cramer advised investors to hold off on Oddity Tech for another full quarter, branding the most recent earnings report as “so bad” that it undermines confidence in initiating a position now.
2. Share Performance Volatility
Oddity Tech shares spiked as much as 21% following a quarterly beat, finished up 6.5%, then retreated 4.7% the next day, reflecting market uncertainty over sustainability.
3. Valuation and Growth Estimates
Cramer highlighted that the stock is trading at roughly 17 times next year’s earnings, down from approximately 30 times earlier in the year, implying just 4% year-over-year growth in analyst estimates.
4. Alternative Stock Suggestions
Rather than chasing Oddity Tech, Cramer recommended established names Ulta and CVS as higher-quality alternatives, suggesting they offer better risk-reward profiles at current levels.