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We recently published an article titled Excellent Earnings Propelled Prices of These 10 Firms. In this article, we are going to take a look at where Oddity Tech Ltd. (NASDAQ:ODD) stands against the other stocks that soared on Wednesday.
The stock market finished Wednesday's trading on a lackluster note, with the three major indices finishing mixed, as investors digested news of the US economy’s contraction in the first quarter of the year that triggered fears of a possible recession.
Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent.
Ten firms, on the other hand, managed to record strong gains, thanks to impressive earnings performance and optimistic outlooks for the rest of the year.
We have named 10 of the top-performing stocks on Wednesday and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
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Oddity Tech Ltd. (NASDAQ:ODD)
Oddity Tech Ltd. (NASDAQ:ODD) extended its winning streak for a seventh straight day on Wednesday, jumping 30.36 percent to finish at $61.44 apiece as investors cheered the company’s impressive earnings performance and optimistic business outlook amid global market uncertainty.
In a statement, Oddity Tech Ltd. (NASDAQ:ODD) said net income rose by 15 percent in the first quarter of the year to $38 million from $33 million in the same quarter in 2024.
Net revenues surged by 26.4 percent to $268 million from $212 million year-on-year.
“We are pleased with our financial results for the first quarter, which beat our guidance across revenue, gross margin, adjusted EBITDA, and adjusted EPS,” said ODD CFO Lindsay Drucker Mann, adding that the excellent performance pushed the company to raise its full year 2025 outlook.
According to the company, it now expects net revenues to grow to between $790 million and $798 million, as compared with the $776 million to $785 million projected earlier. If realized, this would represent a growth between 22 and 23 percent year-on-year.
Overall ODD ranks 1st on our list of the stocks that soared on Wednesday. While we acknowledge the potential of ODD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ODD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.