BofA Securities Downgrades Oddity Tech Ltd (ODD) to Underperform

BofA Securities analyst Lorraine Hutchinson downgraded Oddity Tech Ltd (NASDAQ: ODD) from Buy to Underperform with a price target of $10.00 (from $58.00).

The analyst comments "We double downgrade shares of ODD to Underperform from Buy and lower our PO to $10 from $58 prior, based on 5x our 2027E EV/EBITDA vs. 14.5x prior. At Q4 earnings on 2/25, the company disclosed meaningful challenges in acquiring new users, which was discovered in late January. This led ODD to issue 1Q26 revenue guidance of -30% y/y and forgo providing full year guidance. We forecast revenues of -30% in Q1 and - 21.5% in 2026. At this point, we see a low likelihood of recovery until at least 2027 given the widespread impact, predicating our downgrade to Underperform."

For an analyst ratings summary and ratings history on Oddity Tech Ltd click here. For more ratings news on Oddity Tech Ltd click here.

Shares of Oddity Tech Ltd closed at $14.74 yesterday.

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