ODDITY Tech Ltd. Class A (ODD – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Anna Lizzul from Bank of America Securities reiterated a Buy rating on the stock and has a $80.00 price target.
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Anna Lizzul has given her Buy rating due to a combination of factors that highlight ODDITY Tech Ltd.’s strong market position and growth potential. The company’s innovative consumer tech platform, which leverages proprietary technology for product recommendations, positions it well to capitalize on the shift towards online sales in the beauty industry. This trend is evidenced by the increasing e-commerce share of beauty sales, which provides ODDITY with a strategic advantage given its direct-to-consumer sales model.
Furthermore, the sustained momentum of its brands, such as Il Makiage and SpoiledChild, on search channels indicates a strong likelihood of continued popularity. The upcoming launch of a new brand and the company’s focus on international expansion further bolster its growth prospects. Despite potential risks from competition and the lack of a physical retail presence, the company’s valuation, based on a premium multiple of future EBITDA, reflects confidence in its ability to achieve sales growth and margin expansion.
According to TipRanks, Lizzul is a 4-star analyst with an average return of 7.1% and a 49.40% success rate.