Goldman Sachs raised the firm’s price target on Oddity (ODD) to $52 from $47 and keeps a Neutral rating on the shares. The company reported a strong start to FY25, delivering Q1 sales growth, gross margins, adjusted EBITDA, and EPS well ahead of guidance, while the management noted strong momentum through April, the analyst tells investors in a research note. The beauty industry is undergoing a transformation towards direct-to-consumer, which will grow in the overall beauty channel mix, and Oddity is benefiting from this industry transformation, the firm adds.
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