JPMorgan Chase & Co. Lowers Oddity Tech (NASDAQ:ODD) Price Target to $50.00

Oddity Tech (NASDAQ:ODD - Get Free Report) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $56.00 to $50.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 12.89% from the company's previous close.

Several other brokerages also recently commented on ODD. JMP Securities reaffirmed a "market outperform" rating and set a $66.00 price objective on shares of Oddity Tech in a research note on Tuesday. KeyCorp lowered their price target on Oddity Tech from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays lifted their price objective on Oddity Tech from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, Bank of America upped their target price on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Oddity Tech presently has a consensus rating of "Moderate Buy" and an average target price of $53.25.

Oddity Tech Stock Performance

Shares of NASDAQ ODD traded up $0.39 during mid-day trading on Tuesday, hitting $44.29. The stock had a trading volume of 21,957 shares, compared to its average volume of 511,032. The firm has a market cap of $2.47 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.48 and a beta of 3.73. The business has a 50 day moving average price of $43.38 and a two-hundred day moving average price of $43.54. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00.

Institutional Investors Weigh In On Oddity Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in shares of Oddity Tech by 1.1% in the 4th quarter. D.A. Davidson & CO. now owns 25,838 shares of the company's stock worth $1,086,000 after acquiring an additional 273 shares in the last quarter. Sheets Smith Wealth Management increased its position in Oddity Tech by 1.5% during the 1st quarter. Sheets Smith Wealth Management now owns 20,792 shares of the company's stock valued at $899,000 after buying an additional 315 shares in the last quarter. Wells Fargo & Company MN raised its stake in Oddity Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after buying an additional 449 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Oddity Tech by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 31,401 shares of the company's stock worth $1,319,000 after acquiring an additional 511 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Oddity Tech by 5.1% in the fourth quarter. American Century Companies Inc. now owns 12,334 shares of the company's stock worth $518,000 after acquiring an additional 593 shares in the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

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.