The average comprises seven short-term price targets ranging from a low of $42 to a high of $66, with a standard deviation of $8.87. While the lowest estimate indicates an increase of 6.5% from the current price level, the most optimistic estimate points to a 67.4% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. However, an impressive consensus pric ...

Oddity Tech (ODD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ODD broke through the 200-day moving average, which suggests a long-term bullish trend. The 200-day simple moving average is widely-used by traders and analysts, and helps establish market trends for stocks, commodities, indexes, and other financial instruments over the long term. The indicator moves higher or lower together with longer-term price moves, serving as a support ...

Management reports that the business is doing better than expected and now it's rewarding shareholders. Shares of technology-enhanced cosmetics platform Oddity Tech (ODD 21.27%) soared on Friday after the company raised its guidance for the second quarter of 2024 and announced a stock buyback program. As of 2:40 p.m. ET, Oddity Tech stock was up a whopping 22%. Here's why investors are cheering I'm not trying to be sound alarmist, but the timing of this announcement from Oddity Tech is noteworthy. Just week ...

Net revenue of approximately $189 million, representing year-over-year growth of 25%. Gross margin of approximately 71.0%. Adjusted EBITDA of approximately $60 million. Adjusted diluted EPS approximately $0.69. Non-GAAP Financial Measures ODDITY defines "Adjusted EBITDA" as net income before financial expenses (income), net, taxes on income, and depreciation and amortization as further adjusted to exclude share-based compensation expense and nonrecurring items. ODDITY believes Adjusted EBITDA is useful for ...

The financial outlook figures presented above are forward-looking statements that are subject to a variety of assumptions and estimates. Actual results may differ materially from ODDITY's financial outlook as a result of, among other things, the factors described under "Forward-Looking Statements" below. Non-GAAP Financial Measures In addition to the GAAP financial measures set forth in this press release, ODDITY has included the following non-GAAP financial measures: Adjusted EBITDA and Adjusted diluted EP ...

ODDITY currently has over $250 million of cash, cash equivalents, and investments on its balance sheet. It has zero financial debt, and an additional $100 million available through an undrawn credit facility. The company's cash deployment strategy prioritizes reinvestment in the business, M&A, and buybacks as appropriate. Net revenue of approximately $189 million, representing year-over-year growth of 25%. Gross margin of approximately 71.0%. Adjusted EBITDA of approximately $60 million. Adjusted diluted EP ...

Group 1 - The average price target for Oddity Tech (ODD) ranges from $42 to $66, with a mean estimate of $52 indicating a potential upside of 42.5% from the current price of $36.50 [1][6] - The Zacks Consensus Estimate for the current year has increased by 7.4%, with three estimates moving higher and no negative revisions [5] - Analysts show strong agreement regarding ODD's ability to report better earnings, which correlates with potential stock price increases [7][10] Group 2 - A low standard deviation of price targets suggests a high degree of agreement among analysts about the stock's price movement direction and magnitude [1][9] - Despite the consensus price target being a popular metric, relying solely on it for investment decisions may not be prudent due to potential biases in analysts' estimates [12][14] - ODD currently holds a Zacks Rank 2 (Buy), indicating it is in the top 20% of over 4,000 ranked stocks based on earnings estimates [11]

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Oddity Tech Ltd. ("Oddity" or the "Company") (NASDAQ: ODD). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. ...

This looks like a concept that's catching on. Oddity went public last July with high revenue growth and increasing profits. That trend has only continued over the past few quarters. In the 2024 first quarter, revenue increased 28% to $212 million. Net income increased 68% to $33 million, and Oddity generated $79 million in free cash flow. Management is gearing up for more. Based on the first-quarter results, it raised its full-year outlook across the board. Oddity is also in the process of developing more b ...

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices by Oddity Tech Ltd, following allegations from Ningi Research that the company misled investors about its business operations [1][2]. Group 1: Allegations Against Oddity Tech Ltd - Ningi Research published a report claiming that Oddity misled investors regarding critical aspects of its business, including the existence of a significant brick-and-mortar operation [2]. - The report alleges that Oddity operates 43 stores and six beauty schools, which were not disclosed in SEC filings, contradicting the company's claim of being an "online-only" business [2]. - Ningi also raised concerns about undisclosed and unaudited operations in Israel, potential issues within the finance department, and an understated employee count [2]. Group 2: Market Reaction - Following the release of the Ningi report, Oddity's stock price dropped by $3.02, or 7.37%, closing at $37.97 per share on May 21, 2024 [2].