Oddity Tech (NASDAQ:ODD) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. assumed coverage on shares of Oddity Tech (NASDAQ:ODD) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $55.00 price target on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 17.35% from the stock’s current price.

Several other brokerages also recently weighed in on ODD. The Goldman Sachs Group started coverage on Oddity Tech in a research note on Friday, December 13th. They set a “neutral” rating and a $48.00 target price on the stock. Morgan Stanley increased 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 report on Thursday, December 12th. Barclays boosted their price objective on Oddity Tech from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, KeyCorp raised 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. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.11.

Oddity Tech Price Performance

Shares of ODD opened at $46.87 on Friday. Oddity Tech has a 12-month low of $30.34 and a 12-month high of $51.00. The business’s fifty day moving average price is $45.18 and its 200 day moving average price is $41.29. The stock has a market capitalization of $2.67 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.44 and a beta of 4.30.

Oddity Tech (NASDAQ:ODD) last issued its earnings results on Wednesday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The firm had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $116.47 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.02%. Oddity Tech’s revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. As a group, research analysts anticipate that Oddity Tech will post 1.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oddity Tech

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in Oddity Tech during the fourth quarter worth $61,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oddity Tech during the 3rd quarter valued at about $99,000. Quarry LP bought a new stake in Oddity Tech in the third quarter valued at about $122,000. Mendota Financial Group LLC acquired a new position in Oddity Tech in the third quarter worth about $162,000. Finally, Blue Trust Inc. lifted its stake in Oddity Tech by 13.3% during the third quarter. Blue Trust Inc. now owns 4,834 shares of the company’s stock worth $190,000 after purchasing an additional 566 shares during the period. 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.