Brokerages Set Oddity Tech Ltd. (NASDAQ:ODD) Target Price at $53.11

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $53.11.

A number of equities research analysts recently weighed in on ODD shares. Morgan Stanley boosted their price target on shares of Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. began coverage on shares of Oddity Tech in a report on Friday, January 31st. They set an “overweight” rating and a $55.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Oddity Tech in a research note on Friday, December 13th. They issued a “neutral” rating and a $48.00 price target for the company. Barclays increased their price objective on shares of Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, KeyCorp increased their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th.

Oddity Tech Trading Down 0.1 %

Shares of ODD stock opened at $44.46 on Friday. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.44 and a beta of 4.34. The firm’s 50 day moving average is $44.60 and its 200-day moving average is $41.68. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00.

Hedge Funds Weigh In On Oddity Tech

Several hedge funds have recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Oddity Tech in the 4th quarter valued at approximately $42,000. R Squared Ltd bought a new stake in shares of Oddity Tech in the 4th quarter valued at $61,000. Wilmington Savings Fund Society FSB bought a new stake in Oddity Tech during the 3rd quarter valued at $99,000. Quarry LP bought a new stake in Oddity Tech during the 3rd quarter valued at $122,000. Finally, Wells Fargo & Company MN increased its stake in Oddity Tech by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company’s stock valued at $126,000 after purchasing an additional 449 shares in the last quarter. 35.88% of the stock is owned by institutional investors.

About Oddity Tech

Oddity Tech Ltd. operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally. It serves consumers worldwide through its AI-driven online platform, which uses data science, machine learning, and computer vision capabilities to identify consumer needs, and develop solutions in the form of beauty and wellness products.