Bank of America Issues Positive Forecast for Oddity Tech (NASDAQ:ODD) Stock Price

Oddity Tech (NASDAQ:ODD) had its price objective upped by Bank of America from $50.00 to $58.00 in a research note released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Barclays upped their price target 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. Morgan Stanley upped their price objective on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. initiated coverage on Oddity Tech in a report on Friday, January 31st. They set an “overweight” rating and a $55.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Oddity Tech in a report on Friday, December 13th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, KeyCorp upped their price objective on Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.44.

Oddity Tech Price 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 company 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 business has a 50 day simple moving average of $44.24 and a two-hundred day simple moving average of $41.97.

Institutional Trading of Oddity Tech

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB purchased a new stake in Oddity Tech during the 4th quarter valued at $797,000. Harbor Capital Advisors Inc. purchased a new stake in Oddity Tech during the 4th quarter valued at $1,767,000. Aurora Investment Counsel purchased a new stake in Oddity Tech during the 3rd quarter valued at $2,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Oddity Tech by 4.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,104 shares of the company’s stock worth $2,387,000 after purchasing an additional 2,665 shares during the period. Finally, GSA Capital Partners LLP increased its stake in Oddity Tech by 267.9% in the third quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock worth $1,238,000 after purchasing an additional 22,319 shares during the period. Hedge funds and other 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.