Oddity Tech (ODD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The consensus price target hints at a 57.6% upside potential for Oddity Tech (ODD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Oddity combines high growth, profitability, and a data-driven advantage, differentiating it from traditional beauty brands and creating a compelling investment case. ODD leverages machine learning and direct-to-consumer models, fueling rapid revenue growth, high margins, and successful brand launches like IL MAKIAGE, SpoiledChild, and METHODIQ. After a 50% pullback, ODD trades at an attractive valuation. If growth continues, the risk-reward profile is favorable, and the stock is considered a 'Buy'.
| Transportation Infrastructure Industry | Industrials Sector | Oran Holtzman CEO | NASDAQ (NMS) Exchange | IL0011974909 ISIN |
| IL Country | 489 Employees | - Last Dividend | - Last Split | 19 Jul 2023 IPO Date |
Oddity Tech Ltd. is a pioneering consumer technology entity concentrated on crafting digital-first brands within the beauty and wellness arenas, serving a global clientele. The company leverages AI-driven methodologies through an online platform, incorporating data science, machine learning, and computer vision to precisely understand and meet consumer needs. By doing so, Oddity Tech Ltd. designs innovative solutions translated into a range of beauty and wellness commodities. Established in 2013 and based out of Tel Aviv, Israel, Oddity Tech is at the forefront of the intersection between technology and personal care, catering to customers across the United States and internationally.