Oddity Tech Ltd. (NASDAQ: ODD) is considered one of the best performing new tech stocks to invest in. KeyBanc recently lowered the firm’s price target to $80 from $90, citing a mixed setup across the Healthcare Information Technology landscape.

In Q2, Oddity Tech saw a 25% year-over-year increase in net revenue to $241 million. Gross profit also rose by 25% to $174 million, resulting in a gross margin of 72.3%. Net income for the quarter was $49 million.

Despite KeyBanc’s price target cut, Oddity raised its full-year financial outlook, projecting net revenue between $799-$804 million for 2025, implying a 23% to 24% annual growth. This is driven by double-digit online revenue growth and international expansion.

Oddity Tech Ltd. (NASDAQ: ODD) is a consumer tech company that builds digital-first brands for the beauty and wellness industries in the US and internationally. While ODD has investment potential, certain AI stocks may offer greater upside with less downside risk.

Read more at Yahoo Finance: KeyBanc Cuts Oddity Tech (ODD) PT to $80 Due to Mixed Healthcare IT Setup