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Investing.com - Truist Securities raised its price target on Oddity Tech Ltd (NASDAQ:ODD) to $78.00 from $65.00 on Tuesday, while maintaining a Buy rating on the beauty and wellness company’s stock. The stock, currently trading at $69.17, has shown impressive momentum with a 70.56% return over the past year. According to InvestingPro analysis, the company maintains excellent financial health with a GREAT overall score.
The price target increase comes ahead of Oddity Tech’s second-quarter 2025 earnings report, scheduled for August 4th, with Truist citing "sustained demand momentum" across the company’s two brands, IL Makiage and SpoiledChild. The company’s impressive 72.93% gross profit margin and robust 26.83% revenue growth demonstrate strong operational efficiency. InvestingPro subscribers can access 15+ additional exclusive insights about ODD’s performance metrics.
Truist’s analysis of card data indicates Oddity’s second-quarter revenue is tracking ahead of both consensus estimates and the high end of the company’s guidance range, driven by new customer acquisition and improving repeat purchase rates.
The research firm noted that Oddity’s second-quarter momentum appears to be continuing into July, positioning the company well for third-quarter performance.
Truist also highlighted Oddity’s plans to soft launch its third brand in the third quarter ahead of a formal launch in the fourth quarter of 2025, calling ODD "one of our favorite SMIDs heading into the print."
In other recent news, Oddity Finance LLC, a subsidiary of ODDITY Tech Ltd., has successfully priced $525 million in exchangeable senior notes due in 2030. This marks an increase from the initially proposed $350 million offering, with the transaction expected to close in June 2025. The notes will not bear regular interest and are set to mature in 2030, with net proceeds anticipated at $510.6 million after initial discounts. Additionally, Citizens JMP analyst Andrew Boone has raised the price target for Oddity Tech to $72, maintaining a Market Outperform rating. Boone’s positive outlook is based on Oddity’s first-quarter results and future revenue projections for its brands IL MAKIAGE and SpoiledChild. Meanwhile, Oddity Tech’s shares experienced a decline following a block trade involving 5.5 million Class A ordinary shares sold by an entity affiliated with CEO Oran Holtzman. Despite the sale, Holtzman has committed to a one-year lock-up agreement, maintaining a 23% ownership stake and control over the majority of voting power.
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