Streetbeat News

ODD

Oddity Tech Ltd.

Industry

Software - Infrastructure

Oddity Tech Ltd., together with its subsidiaries, operates as a consumer-tech company worldwide. The company provides beauty and wellness products utilizing its PowerMatch technology. It builds and scales digital-first brands to disrupt the offline-dominated beauty and wellness industries. The company offers products for face and complexion, eyes and brows, lips, and skin care under the IL MAKIAGE brand; and hair and skin care products under the SpoiledChild brand. The company was incorporated in 2013 and is based in Tel Aviv-Jaffa, Israel.

Open

45.35

Mkt cap

2.6B

Volume

372K

High

46.13

P/E Ratio

28.00

52-wk high

51.00

Low

44.40

Div yield

N/A

52-wk low

30.34

Truist Securities analyst Youssef Squali has upgraded ODDITY Tech (NASDAQ:ODD) from Hold to Buy, while maintaining the price target at $54.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:38 pm

ALX Oncology reported positive interim results from its Phase 2 ASPEN-06 clinical trial for the treatment of advanced HER2-Positive Gastric Cancer. SciSparc was granted a European patent for its core technology. ODDITY Tech reported solid preliminary Q3 results, projecting a net revenue growth of at least 58% in the first three quarters of 2023.

Portfolio Pulse from ryanfaloona@benzinga.com

October 03, 2023 | 12:40 pm

ODDITY Tech Ltd's shares are up by 15% following the company's preliminary Q3 FY23 results, which predict revenue growth to surpass its guidance. The company has raised its net revenue growth outlook to 29.0%-31.0% and gross margin to 68.5%. It also expects an adjusted EBITDA margin within 21.0%-21.5%. The company's CEO attributes these strong financial results to the power of their platform and their ability to consistently deliver high growth and profitability.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 11:06 am

ODDITY Tech has reported strong preliminary Q3 results, which will enable the company to achieve a net revenue growth of at least 58% in the first three quarters of 2023. As a result, the company's shares are trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:04 am

Oddity Tech Ltd. (NASDAQ:ODD) has announced preliminary unaudited financial results for Q3 2023, expecting to report record results and beat revenue guidance. The company anticipates a YoY net revenue growth for Q3 between 29-31%, exceeding initial guidance of 18-23%. The strong financial results are attributed to the company's platform, which is transforming the global beauty and wellness market. The company's brands, IL MAKIAGE and SpoiledChild, continue to deliver high growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:08 pm

The article lists the top 10 trending stocks on WallStreetBets as of September 13, 2023. The stocks mentioned are AAPL, AI, CPI, CSE:OIL, MRNA, NVDA, ODD, ORCL, QQQ, and TSLA.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:33 pm

JMP Securities analyst Andrew Boone has reiterated a Market Outperform rating on ODDITY Tech (NASDAQ:ODD) and maintained a $66 price target.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:07 pm

Short seller Bear Cave has released a report on ODDITY Tech Ltd (NASDAQ:ODD), criticizing the company's business as 'high on hype, but low on substance.' The report notes that ODDITY heavily emphasizes its AI and machine learning capabilities, but downplays its makeup business. Despite rapid sales growth, Bear Cave believes ODDITY's success is more due to its advertising efforts on Instagram and Facebook, rather than its technological edge. Following the report, ODD shares fell by 7.39%.

Portfolio Pulse from Lekha Gupta

September 07, 2023 | 3:25 pm

Shares of ODDITY are trading lower following a report on the stock from The Bear Cave.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 2:34 pm

On Wednesday, 179 companies reached new 52-week lows. Pfizer (NYSE:PFE) was the largest company to set a new 52-week low, while Gaucho Group Holdings (NASDAQ:VINO) was the smallest. EZGO Technologies (NASDAQ:EZGO)'s stock fell the most, dropping 78.43% to reach a new 52-week low. Protara Therapeutics (NASDAQ:TARA)'s stock made the biggest reversal, trading up 0.0% shortly after dropping to a new 52-week low.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 6:43 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.