ODDITY Tech's Bright Future, Analyst Credits Artificial Intelligence
Portfolio Pulse from Lekha Gupta
KeyBanc Capital Market analyst Scott Schoenhaus initiated coverage on ODDITY Tech Ltd (NASDAQ:ODD) with an Overweight rating and a price target of $60. The analyst sees ODD in the early stages of its growth story, with near-term tailwinds from its ongoing disruption of beauty and wellness end markets and longer-term growth opportunities from its differentiated technology. The company's shares are currently trading lower by 4.73% at $44.16.
August 15, 2023 | 6:19 pm
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POSITIVE IMPACT
ODDITY Tech has been given an Overweight rating by KeyBanc analyst Scott Schoenhaus, indicating a positive outlook for the company. However, the company's shares are currently trading lower.
The Overweight rating from KeyBanc indicates a positive outlook for ODDITY Tech. This could potentially attract more investors, driving up the stock price. However, the current trading price is lower, which might be due to market fluctuations or other factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100