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

Oddity Tech (NASDAQ:ODD - Get Free Report) had its price target increased by investment analysts at Barclays from $42.00 to $46.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential upside of 1.37% from the company's previous close.

ODD has been the topic of a number of other research reports. The Goldman Sachs Group began coverage on shares of Oddity Tech in a research note on Friday, December 13th. They set a "neutral" rating and a $48.00 price target on the stock. Morgan Stanley increased their target price on Oddity Tech from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. KeyCorp boosted their price target on Oddity Tech from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. assumed coverage on Oddity Tech in a report on Friday, January 31st. They issued an "overweight" rating and a $55.00 price objective on the stock. Finally, Bank of America lifted their price objective on Oddity Tech from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.44.

Oddity Tech Stock Down 4.7 %

Shares of ODD stock traded down $2.24 during trading hours on Thursday, hitting $45.38. 477,969 shares of the company were exchanged, compared to its average volume of 470,032. The firm has a fifty day moving average of $44.24 and a 200 day moving average of $41.99. Oddity Tech has a 1 year low of $30.34 and a 1 year high of $51.00. The firm has a market cap of $2.58 billion, a PE ratio of 27.67, a PEG ratio of 1.48 and a beta of 4.34.

Institutional Investors Weigh In On Oddity Tech

A number of large investors have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its holdings in Oddity Tech by 71.9% in the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock worth $35,539,000 after acquiring an additional 354,083 shares during the period. Capital International Investors lifted its position in shares of Oddity Tech by 29.5% during the fourth quarter. Capital International Investors now owns 1,365,744 shares of the company's stock worth $57,389,000 after purchasing an additional 311,401 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Oddity Tech in the third quarter valued at $12,085,000. J. Goldman & Co LP grew its holdings in Oddity Tech by 322.5% during the 4th quarter. J. Goldman & Co LP now owns 307,375 shares of the company's stock valued at $12,916,000 after purchasing an additional 234,625 shares in the last quarter. Finally, Norges Bank purchased a new stake in Oddity Tech during the 4th quarter worth $9,470,000. Institutional investors and hedge funds own 35.88% of the company's stock.

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.