Oddity Tech Shares Fall After Multiple Analyst Downgrades

MT Newswires Live

02/27

Oddity Tech (ODD) shares fell 6.8% in recent Thursday trading after multiple analysts downgraded their ratings and cut their price targets on the beauty and wellness products company's stock.

Evercore ISI downgraded the stock to in line from outperform and cut its price target to $23 from $80, while Barclays lowered its rating to underweight from equal weight and cut its price target to $13 from $40.

Needham downgraded the stock to hold from buy, while JPMorgan cut its price target to $16 from $59 and downgraded its rating to neutral from overweight.

Oddity Tech's intraday volume exceeded 8.8 million shares, versus the daily average of over 936,000.

Price: 13.74, Change: -1.00, Percent Change: -6.78

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