Oddity price target raised to $78 from $65 at Truist

Truist raised the firm’s price target on Oddity (ODD) to $78 from $65 and keeps a Buy rating on the shares. The firm expects Oddity to report Q2 results ahead of consensus estimates, reflecting broad-based momentum across its two brands, IL Makiage and SpoiledChild, the analyst tells investors in a research note. Truist Card Data indicates that Oddity’s Q2 revenue tracked ahead of consensus and the high end of the company’s guidance, the analyst tells investors in a research note. The company is well-positioned heading into Q3, the firm says.