Oddity price target lowered to $39 from $40 at Barclays

Barclays lowered the firm’s price target on Oddity to $39 from $40 and keeps an Equal Weight rating on the shares. Even with the company’s Q2 results coming in ahead of expectations, it is clear Oddity is thinking bigger picture about its long-term growth trajectory and making business decisions that should ultimately set it up for multiple years of strong, profitable growth, the analyst tells investors in a research note.