How Much Upside is Left in Oddity Tech (ODD)? Wall Street Analysts Think 57.63%

Core Viewpoint - Oddity Tech (ODD) shows potential for significant upside, with a mean price target of $68 indicating a 57.6% increase from its current price of $43.14 [1] Price Targets and Analyst Estimates - The mean estimate consists of 11 short-term price targets, with a standard deviation of $11.73, indicating variability among analysts [2] - The lowest estimate is $46.00, suggesting a 6.6% increase, while the highest estimate is $80.00, indicating an 85.4% potential surge [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price direction [9] Earnings Estimates and Analyst Agreement - Analysts have shown increasing optimism about ODD's earnings prospects, as evidenced by a positive trend in earnings estimate revisions [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 1.6%, with two estimates moving higher and no negative revisions [12] - ODD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - Solely relying on price targets for investment decisions may not be prudent, as analysts' ability to set unbiased targets has been questioned [3][7] - Analysts often set optimistic price targets due to business incentives, which can lead to inflated estimates [8] - While price targets should not be ignored, they should be approached with skepticism, as they may not accurately reflect potential returns [10]