Bank of America Securities analyst Lorraine Hutchinson has reiterated their bullish stance on ODD stock, giving a Buy rating yesterday.
Lorraine Hutchinson’s rating is based on ODDITY Tech Ltd.’s robust growth trajectory and its technological edge over traditional competitors. The company’s fourth-quarter adjusted earnings per share exceeded expectations, driven by higher sales and improved gross margins. Additionally, the management’s guidance for 2025 indicates a positive outlook with anticipated revenue growth and a strong adjusted EBITDA margin.
Furthermore, the momentum from the first quarter suggests continued strong performance, with projected sales and earnings per share showing significant year-over-year growth. The company’s strategic initiatives, including the expansion of its brands and international presence, along with the upcoming launch of a new telehealth platform, further support the Buy rating. These factors, combined with a raised price objective, underscore the positive assessment of ODDITY Tech Ltd.’s stock.
Hutchinson covers the Consumer Cyclical sector, focusing on stocks such as Nike, TJX Companies, and Lululemon Athletica. According to TipRanks, Hutchinson has an average return of 5.9% and a 54.06% success rate on recommended stocks.
In another report released yesterday, JMP Securities also maintained a Buy rating on the stock with a $66.00 price target.