This ODDITY Analyst Sees Revenue Growth Of Around 50% in FY23, Upgrades To Buy
Portfolio Pulse from Lekha Gupta
Truist Securities analyst Youssef Squali upgraded the rating on ODDITY Tech Ltd (NASDAQ:ODD) to Buy from Hold and maintained a price target of $54. The upgrade is based on the company's positive pre-announced Q3 FY23 results and raised outlook for net revenue growth and gross margin. The analyst expects the company to witness revenue growth of 49.7% y/y in FY23.
October 03, 2023 | 6:28 pm
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ODDITY Tech Ltd's stock rating has been upgraded to Buy from Hold by Truist Securities analyst Youssef Squali, who maintained a price target of $54. The upgrade is based on the company's positive pre-announced Q3 FY23 results and raised outlook for net revenue growth and gross margin.
The upgrade in rating by Truist Securities analyst Youssef Squali is based on the company's positive pre-announced Q3 FY23 results and raised outlook for net revenue growth and gross margin. This positive outlook is likely to increase investor confidence and could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100