Bank of America Securities analyst Lorraine Hutchinson reiterated a Buy rating on ODDITY Tech Ltd. Class A (ODD – Research Report) today and set a price target of $68.00.
Lorraine Hutchinson’s rating is based on ODDITY Tech Ltd.’s strong financial performance and growth prospects. The company reported a better-than-expected first quarter, with adjusted earnings per share surpassing estimates due to robust sales and improved margins. Sales increased by 27%, driven by both brand strength and a higher average order value, which has led to a slight upward revision of revenue and earnings projections.
Additionally, the company’s strategic focus on expanding its international market presence and the anticipated launch of new brands further bolster its growth outlook. The management’s raised guidance for 2025, which includes significant revenue and earnings growth, along with strong repeat revenue rates, reinforces confidence in the company’s future performance. These factors, combined with cost efficiencies and a premium valuation compared to high-growth peers, underpin the Buy rating and the increased price objective of $68.