B of A Securities Upgrades ODDITY Tech to Buy, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson has upgraded ODDITY Tech (NASDAQ:ODD) from Neutral to Buy, but lowered the price target from $60 to $37.
October 04, 2023 | 10:32 am
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POSITIVE IMPACT
ODDITY Tech has been upgraded from Neutral to Buy by B of A Securities, although the price target has been lowered from $60 to $37.
The upgrade from Neutral to Buy indicates a positive outlook for ODDITY Tech, which could lead to an increase in its stock price. However, the lowering of the price target from $60 to $37 suggests a potential decrease in the stock's value. The net effect is likely to be positive, but less so than if the price target had been raised.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100