Bank of America Securities Reiterated a Buy Rating on Oddity Tech (ODD)

Oddity Tech Ltd. (NASDAQ:ODD) is one of the Best Performing Tech Stocks According to Hedge Funds. On July 16, Anna Lizzul from Bank of America Securities reiterated a Buy rating on Oddity Tech Ltd. (NASDAQ:ODD) with a price target of $80.

The analyst highlighted the company’s strong market position and growth potential as driving factors behind her bullish sentiment. She noted that the company uses a proprietary technology for product recommendations, which helps it benefit from the growing shift to online beauty sales. Lizzul noted Oddity Tech Ltd.’s (NASDAQ:ODD) direct-to-consumer model as one of the key strategic edges.

Moreover, its brands, including Il Makiage and SpoiledChild, show strong momentum on search channels, indicating that they are expected to remain popular. On top of this, the company also plans to launch new brands and expand internationally.

Oddity Tech Ltd. (NASDAQ:ODD) operates a tech platform in the beauty and wellness sector, focusing on personalized products.

While we acknowledge the potential of ODD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.