ODDITY Tech Is Game-Changer In Beauty & Wellness — Analyst Praises 40M+ User Base And Machine Learning Recommendations
Portfolio Pulse from Nabaparna Bhattacharya
Truist Securities analyst Youssef Squali initiates coverage on ODDITY Tech Ltd. (NASDAQ:ODD) with a Hold rating and $54 price target. Squali views Oddity as a crucial disruptor in the Beauty & Wellness industry with a solid user base of 40 million+ customers. The company's proprietary consumer data and machine learning apps provide highly relevant product recommendations. Squali estimates ODD to compound top-line growth at ~20% with 20%+ AEBITDA margins for several years, outstripping growth in both eCommerce and the Beauty industry. The company's shares are currently trading lower by 11.78% to $46.21.
August 14, 2023 | 5:44 pm
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ODDITY Tech Ltd. receives a Hold rating and $54 price target from Truist Securities analyst. The company's strong user base and machine learning apps are seen as key strengths. However, the company's shares are currently trading lower.
The news is directly about ODDITY Tech Ltd. and its future prospects. The Hold rating indicates that the analyst sees potential in the company but also some risks, which is reflected in the current lower trading price. The company's strong user base and machine learning capabilities are seen as key strengths that could drive future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100