Was Jim Cramer Right to Be Cautiously Bullish on Warby Parker (WRBY) Last Year?
We recently published a list of Jim Cramer Nailed These 11 Stock Predictions. In this article, we are going to take a look at where Warby Parker Inc. (NYSE:WRBY) stands against other stocks that Jim Cramer discusses.
In that older episode, a caller asked whether Warby Parker Inc. (NYSE:WRBY) was worth owning as mall traffic and in-store retail improved. Cramer leaned mildly positive, citing retail insider sentiment:
“I’m thinking about what Steve Yoffe told me from Tanger — he was saying it’s quite a triumph to get these guys in the store… I’m going to say yeah, it’s okay. It’s all right to buy.”
A woman wearing a stylish pair of eyeglasses walking through a shopping center.
Cramer gave it a mild thumbs-up, and with a +20.53% gain since, he was right to be cautiously optimistic.
Warby Parker Inc. (NYSE:WRBY) is a direct-to-consumer eyewear company that designs, manufactures, and sells glasses and contact lenses both online and through its retail stores.
Overall, WRBY ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of WRBY 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.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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