Oddity price target raised to $58 from $55 at Truist

Truist analyst Youssef Squali raised the firm’s price target on Oddity to $58 from $55 and keeps a Buy rating on the shares. The firm is citing the company’s stronger than expected Q4 results and higher Q1 and FY24 guidance, noting that this performance reflects sustained momentum with IL Makiage and growing adoption of SpoiledChild products, which are being lifted by rising repeat purchase rates, the analyst tells investors in a research note.