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

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

A number of other research firms have also issued reports on ODD. The Goldman Sachs Group initiated coverage on Oddity Tech in a report on Friday, December 13th. They issued a “neutral” rating and a $48.00 target price for the company. Bank of America raised their price objective on Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley upped their target price on Oddity Tech from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. started coverage on shares of Oddity Tech in a report on Friday, January 31st. They set an “overweight” rating and a $55.00 price target for the company. Finally, KeyCorp upped their price objective on shares of Oddity Tech from $50.00 to $52.00 and gave the company an “overweight” rating in a research note 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. According to data from MarketBeat, Oddity Tech has an average rating of “Moderate Buy” and a consensus target price of $54.44.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $47.62 on Thursday. The firm has a 50 day simple moving average of $44.24 and a 200 day simple moving average of $41.97. Oddity Tech has a 52 week low of $30.34 and a 52 week high of $51.00. The company has a market cap of $2.71 billion, a PE 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 modified their holdings of the business. Granahan Investment Management LLC boosted its holdings in Oddity Tech by 15.9% in the fourth quarter. Granahan Investment Management LLC now owns 1,538,198 shares of the company’s stock worth $64,635,000 after purchasing an additional 211,485 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Oddity Tech by 14.7% in the fourth quarter. Bamco Inc. NY now owns 1,429,198 shares of the company’s stock worth $60,055,000 after buying an additional 183,152 shares during the last quarter. Capital International Investors boosted its stake in shares of Oddity Tech by 29.5% during the 4th 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 in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Oddity Tech by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,283,074 shares of the company’s stock valued at $53,915,000 after acquiring an additional 11,716 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Oddity Tech by 71.9% in the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company’s stock valued at $35,539,000 after acquiring an additional 354,083 shares in the last quarter. 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.