BofA upgraded Oddity (ODD) to Buy from Neutral with a price target of $37, down from $60. The firm thinks the recent pullback in the shares presents “an attractive buying opportunity,” noting that the stock is 16% below its IPO price. With peers like e.l.f. Beauty (ELF), Coty (COTY) and Estee Lauder (EL) trading at an average multiple of 16-times EV/EBITDA, the firm sees room for multiple expansion for Oddity, the analyst added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ODD: