Oddity Tech (NASDAQ:ODD) Stock Price Expected to Rise, Barclays Analyst Says

Oddity Tech (NASDAQ:ODD) had its target price hoisted by Barclays from $42.00 to $46.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also issued reports on ODD. Morgan Stanley raised their target price on shares of Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. KeyCorp lifted their price target on shares of Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on shares of Oddity Tech in a research report on Friday, December 13th. They issued a “neutral” rating and a $48.00 price objective for the company. Bank of America boosted their target price on Oddity Tech from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. started coverage on Oddity Tech in a research report on Friday, January 31st. They set an “overweight” rating and a $55.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.44.

Oddity Tech Stock Down 0.5 %

ODD stock opened at $45.11 on Thursday. Oddity Tech has a twelve month low of $30.34 and a twelve month high of $51.00. The company has a market cap of $2.57 billion, a P/E ratio of 27.51, a PEG ratio of 1.48 and a beta of 4.34. The business has a fifty day moving average of $44.16 and a 200-day moving average of $41.89.

Institutional Investors Weigh In On Oddity Tech

Hedge funds have recently added to or reduced their stakes in the business. Granahan Investment Management LLC raised its position in shares of Oddity Tech by 15.9% in the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company’s stock valued at $64,635,000 after purchasing an additional 211,485 shares during the period. Bamco Inc. NY boosted its holdings in shares of 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 acquiring an additional 183,152 shares during the period. Capital International Investors boosted its holdings in shares of 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 acquiring an additional 311,401 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Oddity Tech by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company’s stock valued at $53,915,000 after purchasing an additional 11,716 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of 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 purchasing an additional 354,083 shares during the period. Institutional investors and hedge funds 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.