BofA Names Amazon, Oddity Tech & AppLovin Top Buys Ahead of Earnings
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Let's briefly explore how BofA views these companies' standings ahead of their earnings.
3 Companies, 3 Bullish Propositions
First is Oddity Tech, a digital-first beauty platform that is gaining attention for its strong direct-to-consumer strategy. Nearly all of its sales are generated through its own channels, allowing it to control the customer experience and margins. Bank of America raised its price target to $80 and believes the company will benefit from the steady shift in beauty sales to online platforms. The stock is already up 61% this year, and analysts believe its proprietary recommendation technology adds a meaningful edge in a crowded market. Backing that up, ODD stock holds a perfect 10 Smart Score, reflecting strong fundamentals and bullish sentiment across key indicators.
AppLovin is also a standout pick for Bank of America. The company provides marketing and monetization software for app developers and remains a bullish name under the firm's coverage. Analysts see meaningful upside to 2026 EBITDA estimates, as many investors have yet to fully account for growth from its managed service onboarding and the expected rollout of self-serve tools. If both segments scale as anticipated, earnings estimates could move higher. The stock has gained momentum in recent months, supported by growing confidence in its AXON ad engine. Like Oddity Tech, AppLovin also holds a perfect 10 Tipranks' Smart Score, enhancing BofA's Buy position.
Amazon is also on the firm's radar, especially with expectations for a strong retail performance in Q2. While cloud growth through AWS remains a focus, analysts highlight Amazon's broader positioning in global eCommerce, online ads, and devices. The company's customer-centric strategy continues to resonate in a competitive landscape. Bank of America sees the second half of the year as a key period for AWS reacceleration. According to TipRanks' Smart Score, AMZN stock scores a 9, indicating strong fundamentals and bullish overall sentiment.
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