JPMorgan Chase & Co. Issues Pessimistic Forecast for Oddity Tech (NASDAQ:ODD) Stock Price

Oddity Tech (NASDAQ:ODD - Get Free Report) had its price target reduced by JPMorgan Chase & Co. from $56.00 to $50.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 12.99% from the company's current price.

ODD has been the subject of a number of other research reports. JMP Securities reissued a "market outperform" rating and set a $66.00 target price on shares of Oddity Tech in a research report on Tuesday, April 22nd. KeyCorp decreased their price objective on shares of Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Bank of America boosted their target price on shares of Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Barclays increased their price target on Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.25.

Oddity Tech Stock Performance

Shares of ODD stock traded up $0.35 on Tuesday, hitting $44.25. The company had a trading volume of 419,444 shares, compared to its average volume of 512,881. Oddity Tech has a twelve month low of $30.34 and a twelve month high of $51.00. The firm has a market cap of $2.47 billion, a P/E ratio of 26.98, a P/E/G ratio of 1.48 and a beta of 3.73. The stock's 50-day moving average is $43.37 and its two-hundred day moving average is $43.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ODD. D.A. Davidson & CO. boosted its position in Oddity Tech by 1.1% during the fourth quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock worth $1,086,000 after purchasing an additional 273 shares during the period. Sheets Smith Wealth Management grew its position in shares of Oddity Tech by 1.5% in the first quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company's stock valued at $899,000 after purchasing an additional 315 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Oddity Tech by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after purchasing an additional 449 shares during the period. California State Teachers Retirement System boosted its stake in Oddity Tech by 1.7% in the 4th quarter. California State Teachers Retirement System now owns 31,401 shares of the company's stock worth $1,319,000 after purchasing an additional 511 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Oddity Tech by 5.1% during the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock valued at $518,000 after buying an additional 593 shares during the period. Institutional investors 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.