Oddity Tech Downgraded to $14 Target After 49% Slide and $600M Loss
Jefferies cut Oddity Tech’s price target to $14 from $18 after the stock plunged 49%, erasing $600 million in market value. The company now faces a securities class action accusing it of obscuring an advertising disruption that led to unexpected Q1 revenue declining 30% year-over-year.
1. Jefferies Price Target Cut
Jefferies lowered its price target for Oddity Tech to $14 from $18 after the stock traded around $15.41, reflecting concerns over the company’s digital advertising performance and its ability to sustain revenue growth.
2. Securities Class Action Filed
Investors filed a class action covering purchases from February 26, 2025 through February 24, 2026, alleging the company misled shareholders by concealing an advertising disruption that inflated growth narratives.
3. Stock Plunge and Market Value Loss
On February 25, 2026, shares sank 49%, wiping out over $600 million in market capitalization after the company warned of a 30% year-over-year revenue drop in Q1.
4. Volatility and Outlook
The share price now trades near its 52-week low of $10.80, with volatility driven by legal uncertainties and revenue headwinds, challenging Oddity Tech’s path to recovery.