Oddity downgraded to In Line from Outperform at Evercore ISI

Evercore ISI analyst Mark Mahaney downgraded Oddity (ODD) to In Line from Outperform with a price target of $23, down from $80. While the stock’s drop after a “surprising” Q4 report “seems steep,” concerns about advertising concentration and visibility into future performance are “valid,” the analyst tells investors.