Truist raised the firm’s price target on Oddity to $60 from $58 and keeps a Buy rating on the shares. The firm is incrementally more positive on the stock after meeting with the company CFO Lindsay Drucker Mann this week, citing the company’s strong growth momentum being evidenced by last week’s upwardly revised estimates for Q2 that which show solid execution and market share gains as well as her positive tone and confidence in Oddity’s ability to support 20% growth and 20% adjusted EBITDA margin, the analyst tells investors in a research note.
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