ODDITY Tech (NASDAQ:ODD) Now Covered by Needham & Company LLC

Key Points

• ODDITY Tech has received a buy rating from Needham & Company LLC, with a price target of $72.00, indicating a potential upside of 19.05% from the previous close.
• Six analysts have rated ODDITY Tech with a Buy rating and the company has a consensus rating of "Moderate Buy" along with an average price target of $74.56.
• In the recent quarter, ODDITY Tech reported $241.14 million in revenue, surpassing expectations, and achieved $0.92 earnings per share, beating analyst estimates by $0.04.

Needham & Company LLC began coverage on shares of ODDITY Tech (NASDAQ:ODD - Get Free Report) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set a "buy" rating and a $72.00 price target on the stock. Needham & Company LLC's target price indicates a potential upside of 19.58% from the stock's previous close.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of ODDITY Tech from $63.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, June 3rd. The Goldman Sachs Group boosted their price objective on shares of ODDITY Tech from $47.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Bank of America boosted their price objective on shares of ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a report on Friday, June 27th. JMP Securities boosted their price objective on shares of ODDITY Tech from $72.00 to $80.00 and gave the company a "market outperform" rating in a report on Tuesday, August 5th. Finally, Morgan Stanley boosted their price objective on shares of ODDITY Tech from $56.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $74.56.

ODDITY Tech Stock Down 1.4%

Shares of NASDAQ ODD traded down $0.84 during midday trading on Thursday, hitting $60.21. The stock had a trading volume of 334,615 shares, compared to its average volume of 1,087,632. The business's 50 day moving average is $67.43 and its 200-day moving average is $58.61. The company has a market cap of $3.36 billion, a P/E ratio of 33.45, a PEG ratio of 2.87 and a beta of 3.27. ODDITY Tech has a 52 week low of $32.71 and a 52 week high of $79.18. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.04. The firm had revenue of $241.14 million for the quarter, compared to the consensus estimate of $237.44 million. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The business's revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. 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 predict that ODDITY Tech will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans purchased a new position in shares of ODDITY Tech during the 2nd quarter worth $225,000. Cim LLC purchased a new position in shares of ODDITY Tech during the 2nd quarter worth $1,915,000. Headlands Technologies LLC purchased a new position in shares of ODDITY Tech during the 2nd quarter worth $108,000. State of Tennessee Department of Treasury boosted its position in shares of ODDITY Tech by 64.1% in the second quarter. State of Tennessee Department of Treasury now owns 20,961 shares of the company's stock worth $1,582,000 after purchasing an additional 8,191 shares during the period. Finally, Vident Advisory LLC bought a new position in shares of ODDITY Tech in the second quarter worth approximately $366,000. 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.