JPMorgan has adjusted its price target for Oddity (ODD, Financial), reducing it from $56 to $50 while maintaining an Overweight rating on the stock. This adjustment comes as part of a broader reassessment of small to mid-cap internet and video game companies ahead of their first-quarter earnings reports. The reevaluation reflects concerns over macroeconomic conditions and tariff-related challenges.
The analyst, Cory Carpenter, has lowered revenue projections for these sectors by up to 5%. Companies most affected by direct tariff implications and macroeconomic risks underwent the most significant revisions. These changes underscore the impact of ongoing market uncertainties on various industries, highlighting the need for investors to stay informed about potential risks and adjustments in financial outlooks.
