Oddity price target raised to $50 from $46 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Oddity (ODD) to $50 from $46 and keeps an Equal Weight rating on the shares after the company hosted a sell-side meeting with CEO Oran Holtzman, Chief Product Officer Shiran Holtzman-Erel, CFO Lindsay Drucker Mann, Chief Technology Officer Niv Price and other executives. Post the meeting and a “confident presentation” from CFO Drucker Mann at the firm’s conference, as well as a recent pick back up in subdued beauty category trends and higher multiples at peers, the firm is raising its target, the analyst tells investors.