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 FundsOn 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.

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

A close up of a customer browsing a selection of beauty and personal care products online.

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ODD and that has 100x upside potential, check out our report about this cheapest AI stock.

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