ODDITY Tech Ltd. Class A Ordinary Shares

Several Wall Street firms raised their price targets on Oddity Tech into the US$16 to US$18 range following the company's recent Q2 results and updated guidance. Morgan Stanley, Jefferies and Truist lifted targets into the mid to high teens, while Truist, Jefferies and JPMorgan pointed to the scale of Oddity Tech's data driven platform and the contribution from Spoiled Child and MethodIQ as key supports for the equity story. Goldman Sachs and Jefferies noted that Q2 earnings and sales came in ahead of expectations, with management guiding to improved sales trends into Q3. Goldman Sachs and BofA kept cautious views in place with Sell and Underperform ratings, and Morgan Stanley, Truist, Jefferies and JPMorgan all flagged uncertainty around the timing and strength of any IL Makiage recovery. The estimated fair value per share moved from about US$11.07 to US$15.31, with the revenue growth assumption rising from about 2.78% to roughly 7.74% and the net profit margin assumption moving from around 2.22% to about 5.39%.

ODDITY shares jumped 14% on Thursday after the company posted second-quarter results that topped Wall Street estimates and issued a stronger-than-expected full-year profit outlook. The consumer tech company reported revenue of $181 million for the quarter, beating estimates of $178 million but down 25% from a year earlier. Adjusted earnings per share came in at $0.20, ahead of the $0.16 estimate, while adjusted EBITDA reached $13 million, more than the $8.8 million analysts had projected. For fiscal 2026, ODDITY guided adjusted EBITDA of $30 million to $32 million, well above the $10.7 million estimate, with revenue expected to decline 19% year-over-year. For the third quarter, the company forecast adjusted EBITDA of $18 million to $20 million against estimates of $6.3 million, with revenue seen down 5% from a year earlier. Gross margin was 68.7%, down 360 basis points from a year ago. Net income for the quarter was $13 million, and the company held $561 million in cash, cash equivalents and investments. "We made progress during the quarter, including strong results for both SpoiledChild and METHODIQ," said Oran Holtzman, ODDITY co-founder and CEO. "We remain hopeful that IL MAKIAGE is on track to achieve normalization and we continue to work in close partnership with our largest advertising partner to solve the technical issue." ODDITY is a consumer tech company that uses AI and data science to build digital-first beauty and wellness brands, including IL MAKIAGE, SpoiledChild and METHODIQ, serving over 70 million users.