Oddity Tech (NASDAQ:ODD) Price Target Raised to $46.00

Oddity Tech (NASDAQ:ODD) had its price objective boosted by Barclays from $42.00 to $46.00 in a research note published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

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

Oddity Tech Stock Performance

ODD stock opened at $47.62 on Thursday. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.48 and a beta of 4.34. The stock’s fifty day moving average is $44.24 and its two-hundred day moving average is $41.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Granahan Investment Management LLC lifted its holdings in Oddity Tech by 15.9% in the 4th quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company’s stock valued at $64,635,000 after acquiring an additional 211,485 shares during the last quarter. Bamco Inc. NY raised its holdings in shares of Oddity Tech by 14.7% in the 4th quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock worth $60,055,000 after purchasing an additional 183,152 shares in the last quarter. Capital International Investors lifted its stake in Oddity Tech by 29.5% during the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock valued at $57,389,000 after purchasing an additional 311,401 shares during the last quarter. Massachusetts Financial Services Co. MA boosted 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 in the last quarter. Finally, Janus Henderson Group PLC grew its position in Oddity Tech by 71.9% in 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. 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.