Morgan Stanley Issues Pessimistic Forecast for ODDITY Tech (NASDAQ:ODD) Stock Price

ODDITY Tech (NASDAQ:ODD) had its target price reduced by Morgan Stanley from $61.00 to $49.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 29.97% from the stock’s current price.

A number of other equities analysts have also weighed in on ODD. Zacks Research upgraded ODDITY Tech from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Truist Financial raised their target price on ODDITY Tech from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of ODDITY Tech in a report on Tuesday, September 23rd. Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of ODDITY Tech in a research report on Thursday. Finally, Jefferies Financial Group started coverage on shares of ODDITY Tech in a research note on Wednesday, September 24th. They set a “buy” rating and a $78.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.20.

ODDITY Tech Stock Performance

ODD opened at $37.70 on Friday. The company has a current ratio of 7.54, a quick ratio of 5.57 and a debt-to-equity ratio of 1.53. ODDITY Tech has a 12-month low of $35.30 and a 12-month high of $79.18. The firm has a 50 day moving average of $50.40 and a two-hundred day moving average of $61.73. The firm has a market capitalization of $2.10 billion, a PE ratio of 21.06, a P/E/G ratio of 1.79 and a beta of 3.15.

ODDITY Tech (NASDAQ:ODD) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. ODDITY Tech had a net margin of 14.11% and a return on equity of 31.68%. The firm had revenue of $147.90 million for the quarter, compared to analyst estimates of $145.44 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. ODDITY Tech has set its Q4 2025 guidance at 0.110-0.130 EPS. FY 2025 guidance at 2.100-2.120 EPS. On average, analysts anticipate that ODDITY Tech will post 1.62 EPS for the current year.

Hedge Funds Weigh In On ODDITY Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ODD. Arrowstreet Capital Limited Partnership increased its stake in shares of ODDITY Tech by 8,711.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 835,315 shares of the company’s stock worth $63,041,000 after purchasing an additional 825,835 shares in the last quarter. Acadian Asset Management LLC increased its stake in ODDITY Tech by 507.8% during the 2nd quarter. Acadian Asset Management LLC now owns 821,759 shares of the company’s stock worth $61,984,000 after buying an additional 686,549 shares in the last quarter. JPMorgan Chase & Co. increased its stake in ODDITY Tech by 378.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 671,724 shares of the company’s stock worth $50,695,000 after buying an additional 531,334 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of ODDITY Tech during the third quarter valued at approximately $27,838,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of ODDITY Tech by 32.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,709,195 shares of the company’s stock valued at $128,993,000 after acquiring an additional 419,702 shares in the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

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.