-9%

est. 2Y upside i

Rank

#3126

Sector

Enterprise Software

Est. Liquidity

~2Y

Data Quality

Data: High

Odoo presents a moderate upside opportunity driven by its impressive 46% YoY ARR growth and profitable business model in a large enterprise software market.

Last updated: March 10, 2026

Bull (20%)+100%

Odoo continues its aggressive 46% YoY ARR growth, exceeding €1 billion revenue by 2027 and successfully expanding into larger enterprise segments by leveraging its AI-powered features and modularity. This market penetration, coupled with a slight multiple expansion due to sustained performance, pushes valuation to $18.6B, representing a 100% upside.

Base (44%)+40%

Odoo maintains its strong position in the mid-market and SME segments, with ARR growth moderating slightly but remaining robust (e.g., 30-35% YoY). It continues to innovate with AI features and expand its partner network, reaching a valuation of $13.02B, a 40% upside, primarily through sustained revenue growth.

Bear (36%)-40%

Intense competition from incumbents like SAP, Oracle, and Microsoft Dynamics, coupled with potential market saturation in some SME segments, leads to a slowdown in ARR growth below 20%. This, combined with a contraction in valuation multiples due to market conditions or competitive pressure, results in a down round or secondary transaction at a $5.58B valuation, a 40% downside, significantly impacting common stock value.

Est. time to liquidity~2.0 years

Preference Stack Risk

moderate

Funding Intensity

14%

Investors hold $1.0B in liquidation preferences, which represents 10.75% of the current $9.3B valuation.

Dilution Risk

moderate

While recent liquidity has been through secondary transactions, future primary funding rounds could lead to dilution for common shareholders.

Secondary Liquidity

active

Odoo has facilitated secondary transactions, including a $586M round in January 2026, providing liquidity for early investors and employees.

Questions to Ask at the Interview

Strategic questions based on Odoo's data — designed to show you've done your homework.

  • 1

    “Given the high incumbent threat from companies like SAP and Oracle, how does Odoo plan to differentiate its offering and capture market share in the enterprise segment, especially with its new AI features?”

  • 2

    “With 46% YoY ARR growth in 2025 and a target of €1 billion revenue by 2027, what are the key strategic initiatives and market expansion plans to sustain this aggressive growth trajectory?”

  • 3

    “Considering the CEO's stance on remaining private and the active secondary market, what is the company's long-term strategy for providing liquidity to employees, and how does this impact future equity grants and valuations?”

Community

Valuation Sentiment

Our model estimates -9% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.