Oddity price target raised to $72 from $66 at Citizens JMP

Citizens JMP raised the firm’s price target on Oddity (ODD) to $72 from $66 and keeps an Outperform rating on the shares. The firm is increasingly confident that Il Makiage and SpoiledChild can gently decelerate over the next few years as each move closer to Oddity’s target of $1B of revenue for each brand, the analyst tells investors in a research note. There is a path for revenue to accelerate as the contributions from these brands grow, with Brand 3 launching later this year and Brand 4 launching in 2026, the firm says.