Oddity price target lowered to $49 from $61 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Oddity (ODD) to $49 from $61 and keeps an Equal Weight rating on the shares. Near-term delivery remains “impressive” in a difficult environment and Oddity continued to “bless” its long-term algorithm for FY26, but not give official guidance, the analyst tells investors. The firm, which is rolling its valuation basis forward one year, notes that its lower multiple reflects a more uncertain U.S. environment applied to EBITDA estimates that remain “relatively unchanged.”