5 Best New Stocks To Buy According To Analysts

2. Oddity Tech Ltd. (NASDAQ:ODD)

IPO Date: 07/19/2023

Number of Hedge Fund Holders: 9

Average Analyst Price Target Upside: 39.7%

Oddity Tech Ltd. (NASDAQ:ODD) is an Israel-based company that is engaged in building digital-first brands by recognizing customer needs in the wellness and beauty industries and providing related products as solutions.

On May 7, Oddity Tech Ltd. (NASDAQ:ODD) reported first-quarter 2024 earnings. The non-GAAP EPS was $0.61, which beats the estimates by $0.12. The revenue surged 27.7% year-over-year to $212 million and topped the market consensus by $6.82 million.

As of May 10, 8 Wall Street analysts have covered Oddity Tech Ltd. (NASDAQ:ODD), and 6 keep Buy ratings on the stock. The average price target of $51.94 implies an upside of 39.7% from the stock’s current price.

According to our database, 9 hedge funds held stakes in Oddity Tech Ltd. (NASDAQ:ODD) in the fourth quarter of 2023, with positions worth $93.255 million.

Follow Oddity Tech Ltd