20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Truist Securities analyst Youssef Squali initiates coverage on ODDITY Tech Ltd. (NASDAQ:ODD) with a Hold rating and $54 price target.
The analyst views Oddity as a crucial disruptor in the Beauty & Wellness industry, a $600 billion TAM with two powerful DTC brands, IL Makiage and SpoiledChild (more brands coming in 2025).
The analyst applauds the company's solid user base of 40 million+ customers, on which it can leverage its proprietary consumer data to provide highly relevant product matching and recommendations directly.
Each brand makes recommendations to consumers through proprietary consumer-facing machine learning apps, which narrow down products based on a set of questions to consumers, mentions the analyst.
Squali estimates ODD to compound top-line growth at ~20% with 20%+ AEBITDA margins for several years, outstripping growth in both eCommerce and the Beauty industry.
Amid a broader e-Commerce environment that is growing in the mid to high single digits (analyst's estimate), Oddity has grown at 60%+ over the last two years and should grow at 40%+ in 2023, the analyst adds.
The analyst is also optimistic about the company's planned launch of Brand #3 and #4 in 2025, providing an additional growth runway.
Overall, the analyst estimates a 2024-2031 (7-year) revenue CAGR of ~17%, reaching ~$1.681 billion in 2031, with adj. EBITDA is getting $461 million in 2031 (27% margin).
Price Target: ODD shares are trading lower by 11.78% to $46.21 on the last check Monday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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