Oddity Tech (NASDAQ:ODD) Price Target Raised to $58.00

Oddity Tech (NASDAQ:ODD) had its price objective lifted by Bank of America from $50.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. KeyCorp boosted their target price on Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. began coverage on Oddity Tech in a research report on Friday, January 31st. They issued an “overweight” rating and a $55.00 target price for the company. Morgan Stanley boosted their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group began coverage on Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 target price for the company. Finally, Barclays boosted their price target on Oddity Tech from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.44.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $47.62 on Thursday. Oddity Tech has a fifty-two week low of $30.34 and a fifty-two week high of $51.00. The business has a 50-day simple moving average of $44.24 and a two-hundred day simple moving average of $41.97. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 1.48 and a beta of 4.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC bought a new position in shares of Oddity Tech during the 4th quarter valued at approximately $42,000. R Squared Ltd bought a new position in shares of Oddity Tech during the 4th quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oddity Tech during the 3rd quarter valued at approximately $99,000. Wells Fargo & Company MN grew its stake in shares of 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 acquiring an additional 449 shares during the period. Finally, Quarry LP bought a new position in shares of Oddity Tech during the 3rd quarter valued at approximately $122,000. 35.88% of the stock is currently owned by institutional investors.

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.