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Investing.com - Goldman Sachs has raised its price target on Oddity Tech Ltd (NASDAQ:ODD) to $55.00 from $52.00 while maintaining a Neutral rating following the company’s strong second-quarter performance. Currently trading at $57.72, the stock has delivered an impressive 76% return year-to-date, though InvestingPro analysis suggests the stock is fairly valued at current levels.
Oddity Tech reported 25% net sales growth in Q2, with double-digit growth across both its IL MAKIAGE and SpoiledChild brands. The company’s quarterly earnings per share reached $0.92, exceeding both Goldman Sachs’ expectation of $0.88 and the consensus estimate of $0.87. The company maintains impressive gross profit margins of 73% and boasts a strong financial health score of "GREAT" according to InvestingPro metrics.
The company has raised its fiscal year 2025 guidance, now projecting 23-24% net sales growth compared to its previous forecast of 22-23%. Management also noted that the third quarter has started strongly, with expected net sales growth of 21-23%.
Oddity Tech increased its FY25 adjusted EBITDA guidance to $160-$162 million from $157-161 million previously, reflecting stronger sales growth outlook and approximately 20% adjusted EBITDA margins for the year. This improvement flows through to its revised FY25 EPS guidance of $2.06-$2.09, up from $1.99-$2.04.
Goldman Sachs noted that while management’s revised guidance suggests a moderation in sales growth in the second half of 2025 (approximately 20% versus 26% in the first half), the firm believes the forecast likely still embeds conservatism given Oddity’s strong top-line momentum and Q2 performance. With analyst targets ranging from $52 to $90, investors seeking deeper insights can access comprehensive valuation analysis and 16 additional ProTips through InvestingPro’s detailed research reports.
In other recent news, Oddity Tech Ltd. reported second-quarter earnings that exceeded analyst expectations. The company posted adjusted earnings per share of $0.92, surpassing the analyst estimate of $0.84. Revenue for the quarter ended June 30, 2025, came in at $241 million, beating the consensus estimate of $237.78 million. This revenue figure represents a 25% increase compared to the $193 million reported in the same quarter last year. Despite these positive results, shares of Oddity Tech tumbled as investors appeared concerned about slowing profit margin growth. Additionally, the company raised its guidance for future performance. These developments come amid a broader context of investor scrutiny on profit margins. Analysts from various firms continue to monitor Oddity Tech’s financial health closely.
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