ODDITY Tech (NASDAQ:ODD) Earns Buy Rating from Analysts at Jefferies Financial Group

Key Points

• Jefferies Financial Group has initiated coverage on ODDITY Tech, giving it a "buy" rating with a target price of $78.00, indicating a potential upside of 27.74% from the stock's previous close.
• Other analysts, including Barclays and Bank of America, have also increased their target prices for ODDITY Tech, reflecting a general positive outlook for the stock, which currently has a consensus target price of $74.90.
• ODDITY Tech reported a 25.1% year-over-year increase in revenue and an earnings per share (EPS) of $0.92, exceeding estimates and showcasing strong financial performance.

Analysts at Jefferies Financial Group assumed coverage on shares of ODDITY Tech (NASDAQ:ODD - Get Free Report) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a "buy" rating and a $78.00 price target on the stock. Jefferies Financial Group's target price suggests a potential upside of 27.74% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Barclays lifted their target price on ODDITY Tech from $60.00 to $73.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Morgan Stanley boosted their price objective on ODDITY Tech from $56.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Bank of America boosted their price objective on ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. KeyCorp boosted their price objective on ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, Needham & Company LLC initiated coverage on ODDITY Tech in a research report on Thursday, August 28th. They set a "buy" rating and a $72.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $74.90.

ODDITY Tech Stock Performance

NASDAQ ODD opened at $61.06 on Wednesday. The company has a market cap of $3.41 billion, a P/E ratio of 33.92, a P/E/G ratio of 2.90 and a beta of 3.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.32 and a quick ratio of 5.57. The stock has a 50-day moving average of $63.51 and a two-hundred day moving average of $60.68. ODDITY Tech has a 1-year low of $34.97 and a 1-year high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04. The company had revenue of $241.14 million during the quarter, compared to the consensus estimate of $237.44 million. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%.ODDITY Tech's revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. As a group, analysts anticipate that ODDITY Tech will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new position in ODDITY Tech during the first quarter worth $190,000. Janney Montgomery Scott LLC acquired a new position in ODDITY Tech during the first quarter worth $400,000. Amundi acquired a new position in ODDITY Tech during the first quarter worth $4,926,000. Harbour Capital Advisors LLC acquired a new position in ODDITY Tech during the second quarter worth $333,000. Finally, SG Americas Securities LLC acquired a new position in ODDITY Tech during the first quarter worth $662,000. 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.

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