Bank of America Increases Oddity Tech (NASDAQ:ODD) Price Target to $58.00

Oddity Tech (NASDAQ:ODD) had its price objective hoisted by equities researchers at Bank of America from $50.00 to $58.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 27.89% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Barclays raised 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 note on Monday, November 11th. The Goldman Sachs Group initiated coverage on shares of Oddity Tech in a research note on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective on the stock. Morgan Stanley raised their price target on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. initiated coverage on shares of Oddity Tech in a research report on Friday, January 31st. They set an “overweight” rating and a $55.00 price target on the stock. Finally, KeyCorp raised their price target 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.00.

Oddity Tech Trading Down 0.4 %

Oddity Tech stock opened at $45.35 on Thursday. Oddity Tech has a 1-year low of $30.34 and a 1-year high of $51.00. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 1.48 and a beta of 4.34. The firm’s fifty day moving average price is $44.17 and its two-hundred day moving average price is $41.86.

Institutional Trading of Oddity Tech

A number of large investors have recently added to or reduced their stakes in the stock. Granahan Investment Management LLC increased its holdings in Oddity Tech by 15.9% during the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company’s stock worth $64,635,000 after buying an additional 211,485 shares during the last quarter. Bamco Inc. NY increased its holdings in Oddity Tech by 14.7% during the fourth quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock worth $60,055,000 after buying an additional 183,152 shares during the last quarter. Capital International Investors increased its holdings in Oddity Tech by 29.5% during the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock worth $57,389,000 after buying an additional 311,401 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Oddity Tech by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company’s stock worth $53,915,000 after buying an additional 11,716 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Oddity Tech by 71.9% during the fourth quarter. Janus Henderson Group PLC now owns 846,281 shares of the company’s stock worth $35,539,000 after buying an additional 354,083 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Oddity Tech Company Profile

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.