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Stock impact report

Oddity Tech (ODD) Approves $200M Share Buyback Program [Yahoo! Finance]

ODDITY Tech Ltd. (ODD) 
Company Research Source: Yahoo! Finance
On March 12, Oddity Tech Ltd. (NASDAQ:ODD) announced that its Board of Directors has approved a share buyback program authorizing the repurchase of a maximum of $200 million of the Company's Class A ordinary shares, subject to market conditions, legal and regulatory constraints, the terms of the Buyback Plan, and other strategic priorities. The Buyback Plan replaces and supersedes the Company's previously announced $150 million share buyback plan. The Buyback Plan will expire on March 31, 2029, or once the allocated funds have been fully deployed, subject to any future modifications by the Board. On February 26, Evercore ISI analyst Mark Mahaney downgraded Oddity Tech Ltd. (NASDAQ:ODD) to In Line from Outperform and sharply reduced the price target to $23 from $80. While the analyst acknowledged that the stock's decline following a “surprising” fourth-quarter report appeared steep, concerns around advertising concentration and limited visibility into future growth were cited as key Show less Read more
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