ODDITY Tech (NASDAQ:ODD) Price Target Lowered to $49.00 at Morgan Stanley

ODDITY Tech (NASDAQ:ODD) had its price target lowered by Morgan Stanley from $61.00 to $49.00 in a research report sent to investors on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of ODDITY Tech in a research report on Tuesday, September 23rd. Truist Financial lifted their target price on shares of ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of ODDITY Tech in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of ODDITY Tech in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group assumed coverage on ODDITY Tech in a research report on Wednesday, September 24th. They set a “buy” rating and a $78.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, ODDITY Tech presently has a consensus rating of “Moderate Buy” and an average price target of $68.20.

ODDITY Tech Price Performance

Shares of NASDAQ:ODD traded down $1.87 during trading on Friday, hitting $37.70. 2,110,508 shares of the stock were exchanged, compared to its average volume of 1,133,783. The company has a market cap of $2.10 billion, a PE ratio of 21.06, a P/E/G ratio of 1.88 and a beta of 3.15. The company has a current ratio of 7.54, a quick ratio of 5.57 and a debt-to-equity ratio of 1.53. The company has a fifty day moving average price of $50.40 and a two-hundred day moving average price of $61.76. ODDITY Tech has a 12-month low of $35.30 and a 12-month high of $79.18.

ODDITY Tech (NASDAQ:ODD) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $147.90 million during the quarter, compared to analysts’ expectations of $145.44 million. ODDITY Tech had a return on equity of 31.68% and a net margin of 14.11%.ODDITY Tech’s revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. ODDITY Tech has set its Q4 2025 guidance at 0.110-0.130 EPS. FY 2025 guidance at 2.100-2.120 EPS. On average, analysts forecast that ODDITY Tech will post 1.62 EPS for the current year.

Hedge Funds Weigh In On ODDITY Tech

Several institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its position in ODDITY Tech by 5.0% during the third quarter. Blue Trust Inc. now owns 5,988 shares of the company’s stock worth $373,000 after acquiring an additional 285 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of ODDITY Tech by 7.7% during the 3rd quarter. TD Asset Management Inc now owns 6,629 shares of the company’s stock worth $413,000 after purchasing an additional 476 shares during the period. Deutsche Bank AG boosted its holdings in shares of ODDITY Tech by 65.0% during the first quarter. Deutsche Bank AG now owns 1,340 shares of the company’s stock worth $58,000 after purchasing an additional 528 shares during the last quarter. WD Rutherford LLC purchased a new stake in shares of ODDITY Tech in the second quarter valued at $48,000. Finally, Wexford Capital LP acquired a new position in ODDITY Tech in the third quarter valued at $40,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

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.