This Fast-Growing Beauty-Tech Stock Is an Unexpected Oddity

Group 1 - The long-term stock price of a company generally aligns with its financial performance, where rising sales and profits typically lead to higher share prices [1] - Oddity Tech's stock price has not reflected its strong business performance since its 2023 IPO, despite significant revenue and earnings growth [2][6] - The company generated impressive revenue growth of 46% in 2022 and 57% in 2023, alongside a nearly tripled net income of $58.5 million [4][6] Group 2 - Oddity Tech's IPO was successful, raising approximately $425 million, with shares initially priced at $35 and closing above $47.50 on the first trading day [5] - The company has maintained growth post-IPO, but the stock performance has been volatile, leading to skepticism among growth stock investors regarding its long-term prospects [6][8] - Despite a slowdown in growth rates to 27% in 2024, Oddity continues to invest in technology to enhance its offerings [7][8]