Needham has initiated coverage on Oddity Tech Ltd (ODD) with a Buy rating, signaling its assessment of the company's investment potential. This rating reflects the firm's analysis of Oddity's position within the consumer products industry, particularly focusing on its innovative approach to cosmetics and beauty products.
Based in Israel, Oddity Tech Ltd operates a tech platform that supports a portfolio of beauty and wellness brands. The company utilizes algorithms and machine learning to match consumers with products tailored to their preferences. With a market cap of $2.2 billion, Oddity reported a trailing twelve-month P/E ratio of 20.06 and an EPS of 1.79.
The recent action by Needham, effective August 27, 2025, comes as Oddity prepares for upcoming earnings reports, with estimates projecting an EPS of $0.87 and revenue of $291.8 million for August 3, 2026. Analyst sentiment surrounding Oddity remains generally positive, with a consensus rating of Buy among 15 analysts, including three Strong Buy and eight Buy ratings.
While analyst ratings offer valuable insights, they are based on assumptions that may not always hold true. Investors should consider various factors, such as company fundamentals and market trends, when making decisions. Analyst opinions can evolve as new information becomes available, and differing views on the same company are common.