Bank of America names Amazon, Oddity Tech, and AppLovin top buys ahead of earnings

Bank of America has identified five stocks it views favorably ahead of earnings season, including Oddity Tech, AppLovin, and Amazon. The firm believes these companies will benefit from their strong direct-to-consumer strategies, growth in the shift to online platforms, and steady retail performance. Analysts have raised price targets and expect meaningful upside to 2026 EBITDA estimates. All three companies hold perfect 10 Smart Scores, indicating strong fundamentals and bullish sentiment.

In the lead-up to earnings season, Bank of America (BAC) has highlighted five stocks it views favorably, including Oddity Tech (ODD), AppLovin (APP), and Amazon (AMZN). The firm believes these companies will benefit from their strong direct-to-consumer strategies, growth in the shift to online platforms, and steady retail performance. Analysts have raised price targets and expect meaningful upside to 2026 EBITDA estimates. All three companies hold perfect 10 Smart Scores, indicating strong fundamentals and bullish sentiment.

Oddity Tech, a digital-first beauty platform, has gained 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 [3].

AppLovin, a mobile advertising company, is another stock on the list. The firm believes AppLovin will benefit from the growth in mobile advertising and its strong position in the market. Bank of America raised its price target to $130, expecting the company to continue its growth trajectory. AppLovin's ability to leverage its technology and data to drive advertising revenue is seen as a significant advantage [3].

Amazon, a retail giant, is also on the list. The firm expects Amazon to continue its strong performance in the e-commerce sector. With a perfect 10 Smart Score, Amazon is seen as a solid investment with a strong track record and robust growth prospects. Bank of America raised its price target to $3,500, reflecting its bullish outlook on the company's future performance [3].

These stocks are seen as attractive investment opportunities given their strong fundamentals and growth prospects. As earnings season approaches, investors will be closely watching these companies to see how they perform and whether they meet or exceed expectations. The analysts' optimistic outlook and the companies' strong fundamentals suggest that these stocks could provide significant upside potential.

References:
[1] https://finance.yahoo.com/news/bank-america-stock-buy-sell-130002051.html
[2] https://www.ainvest.com/news/bank-america-picks-alphabet-tesla-superior-magnificent-7-stock-buy-earnings-2507/
[3] https://www.tipranks.com/news/bofa-names-amazon-oddity-tech-applovin-top-buys-ahead-of-earnings