Oddity Tech (NASDAQ:ODD) Given New $58.00 Price Target at Bank of America

Oddity Tech (NASDAQ:ODD - Free Report) had its price target raised by Bank of America from $50.00 to $58.00 in a report released on Thursday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Morgan Stanley lifted their price objective on Oddity Tech from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. The Goldman Sachs Group initiated coverage on Oddity Tech in a report on Friday, December 13th. They issued a "neutral" rating and a $48.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Oddity Tech in a research report on Friday, January 31st. They set an "overweight" rating and a $55.00 price target on the stock. Barclays lifted their price objective on Oddity Tech from $39.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Finally, KeyCorp increased their target price on Oddity Tech from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Oddity Tech has an average rating of "Moderate Buy" and an average price target of $54.44.

Oddity Tech Stock Down 4.7 %

Oddity Tech stock traded down $2.24 on Thursday, hitting $45.38. The company's stock had a trading volume of 477,969 shares, compared to its average volume of 470,032. Oddity Tech has a one year low of $30.34 and a one year high of $51.00. The firm has a market cap of $2.58 billion, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 1.48 and a beta of 4.34. The company has a fifty day moving average price of $44.24 and a 200-day moving average price of $41.99.

Institutional Investors Weigh In On Oddity Tech

Several large investors have recently bought and sold shares of ODD. Mark Sheptoff Financial Planning LLC bought a new position in shares of Oddity Tech during the fourth quarter worth about $42,000. R Squared Ltd acquired a new position in shares of Oddity Tech during the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oddity Tech in the third quarter valued at about $99,000. Wells Fargo & Company MN raised its holdings in Oddity Tech by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after acquiring an additional 449 shares during the period. Finally, Quarry LP bought a new position in shares of Oddity Tech during the third quarter worth approximately $122,000. 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.