Barclays Boosts Oddity Tech (NASDAQ:ODD) Price Target to $46.00

Oddity Tech (NASDAQ:ODD) had its price target increased by equities researchers at Barclays from $42.00 to $46.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential downside of 3.40% from the company’s previous close.

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

Oddity Tech Trading Up 5.6 %

Shares of NASDAQ:ODD opened at $47.62 on Thursday. The company has a market capitalization of $2.71 billion, a PE ratio of 29.04, a P/E/G ratio of 1.48 and a beta of 4.34. Oddity Tech has a twelve month low of $30.34 and a twelve month high of $51.00. The firm has a 50 day simple moving average of $44.24 and a 200-day simple moving average of $41.95.

Hedge Funds Weigh In On Oddity Tech

Several institutional investors have recently bought and sold shares of ODD. Janus Henderson Group PLC increased its stake in Oddity Tech by 71.9% in the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company’s stock valued at $35,539,000 after buying an additional 354,083 shares during the period. Capital International Investors increased its stake in Oddity Tech by 29.5% in the 4th quarter. Capital International Investors now owns 1,365,744 shares of the company’s stock valued at $57,389,000 after buying an additional 311,401 shares during the period. Wellington Management Group LLP acquired a new position in Oddity Tech in the 3rd quarter valued at $12,085,000. J. Goldman & Co LP increased its stake in Oddity Tech by 322.5% in the 4th quarter. J. Goldman & Co LP now owns 307,375 shares of the company’s stock valued at $12,916,000 after buying an additional 234,625 shares during the period. Finally, Norges Bank acquired a new position in Oddity Tech in the 4th quarter valued at $9,470,000. 35.88% of the stock is owned by institutional investors and hedge funds.

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.