Truist analyst Youssef Squali upgraded Oddity to Buy from Hold with an unchanged price target of $54 following the company’s positive pre-announcement for Q3, citing what the firm calls “a compelling valuation.” The stock’s lower than peer average valuation fails to account for the company’s strong short-term momentum, which is likely to continue to drive outperformance, and longer-term prospects, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ODD:
- Oddity CEO says upcoming results to be strongest Q3 ever
- Oddity expects to top Q3 revenue guidance
- ODDITY Tech Expects to Report Record Third Quarter Results, Beating Revenue Guidance
- CART, CAVA, or ARM: Which 2023 IPO Stock Does Wall Street Find Attractive?
- Birkenstock: Another Name on the 2023 IPO List