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Recently, CNBC’s Jim Cramer shared his take on Hims & Hers Health, a digital platform offering telehealth services for sexual health, mental health, weight loss, and skin care. Cramer suggested that now might be a good time to consider starting a position in the stock, especially since it has pulled back from recent highs.
Hims & Hers has seen significant gains this year after reporting strong earnings in February and introducing new treatments like compounded GLP-1 weight loss injections. While this temporary revenue stream has boosted the company’s stock, Cramer points out that it’s essential to consider the long-term prospects beyond this offering.
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