Barclays Maintains Equal-Weight on ODDITY Tech, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Equal-Weight rating on ODDITY Tech (NASDAQ:ODD) and increased the price target from $34 to $42.
January 16, 2024 | 5:48 pm
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Barclays has maintained an Equal-Weight rating on ODDITY Tech but raised the price target from $34 to $42, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Barclays suggests a positive reassessment of ODDITY Tech's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Equal-Weight rating indicates that Barclays views the stock as fairly valued at the moment, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100