U.S. Stock Market Movement: ODDITY Tech surged on October 9 due to better-than-expected earnings, rating upgrade, and beauty sector boost

ODDITY Tech Soars on October 9: Analysis

Keywords: Outperforming Results, Rating Upgrade, Beauty

1. On September 9, the company released its Q2 2026 results. Adjusted earnings per share were $0.20, beating the institutional estimate of $0.12. Net revenue was $180.5 million, surpassing expectations by approximately 3.27%. Adjusted EBITDA reached $13 million, higher than the previous guidance of $8 to $10 million.

2. On September 9, the company projected that the year-on-year decline in net revenue for Q3 would narrow to about 5%, with adjusted EBITDA between $18 million and $20 million. The full-year 2026 adjusted EBITDA guidance is $30 to $32 million, far exceeding the institutional estimate of $10.7 million.

3. On September 9, the company stated that SpoiledChild achieved double-digit revenue growth in Q2 and expects at least 35% revenue growth in 2026, approaching $350 million. METHODIQ’s first-year net revenue is set to surpass SpoiledChild’s first-year performance. The company's main business focuses on building digital beauty and health brands powered by data and artificial intelligence.

4. On September 10, several institutions revised their target prices upwards: Morgan Stanley, Truist Securities, and Evercore ISI raised their targets to $16.5, $18, and $21, respectively. The company previously repurchased about 5.6 million shares at the cost of $80 million on September 9.

(Disclaimer: This content is generated by AI technology from publicly available information for reference only and does not constitute investment advice.)