Barclays Issues Positive Forecast for Oddity Tech (NASDAQ:ODD) Stock Price

Oddity Tech (NASDAQ:ODD) had its target price lifted by research analysts at Barclays from $42.00 to $46.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential downside of 2.66% from the company’s current price.

Several other research firms have also issued reports on ODD. Bank of America increased their price objective on shares of Oddity Tech from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. initiated coverage on Oddity Tech in a report on Friday, January 31st. They issued an “overweight” rating and a $55.00 price target for the company. Morgan Stanley boosted their price objective on Oddity Tech from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group started coverage on Oddity Tech in a research note on Friday, December 13th. They issued a “neutral” rating and a $48.00 target price for the company. Finally, KeyCorp boosted their price target on Oddity Tech from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.44.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD opened at $47.26 on Thursday. The stock has a 50-day simple moving average of $44.17 and a 200-day simple moving average of $41.86. The stock has a market capitalization of $2.69 billion, a P/E ratio of 28.81, a PEG ratio of 1.48 and a beta of 4.34. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00.

Hedge Funds Weigh In On Oddity Tech

Institutional investors and hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB bought a new position in Oddity Tech during the 4th quarter valued at $797,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Oddity Tech in the 4th quarter valued at about $1,767,000. Aurora Investment Counsel bought a new position in shares of Oddity Tech during the third quarter worth about $2,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 in the last quarter. Finally, GSA Capital Partners LLP raised its stake in Oddity Tech by 267.9% during the third quarter. GSA Capital Partners LLP now owns 30,649 shares of the company’s stock valued at $1,238,000 after buying an additional 22,319 shares in the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

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.