Oddity price target raised to $68 from $58 at BofA

BofA analyst Lorraine Hutchinson raised the firm’s price target on Oddity (ODD) to $68 from $58 and keeps a Buy rating on the shares. After Q1 results came in above expectations, the firm noted that positive momentum has continued quarter-to-date and that management forecasts Q2 sales up 23% year-over-year and EPS of 85c-89c. The firm’s “relatively unchanged” FY25 and FY26 adjusted EBITDA estimates remain in line with management’s guidance, but it applies a higher multiple to reflect the company’s “consistent execution and strong momentum.”