Riskified: A Compelling Valuation Emerges Following The Recent Sell-Off (Rating Upgrade) [Seeking Alpha]
Riskified Ltd. Class A Ordinary Shares (RSKD)
Company Research
Source: Seeking Alpha
10min Summary Shares have fallen more than 20% since Q2 results were released. Full-year revenue guidance was lowered, while adjusted EBITDA guidance was raised due to operating leverage in the business. The company is profitable and has a strong balance sheet, which management is leveraging to repurchase shares aggressively. I see healthy upside to my $6.9 price target by 2026, which leads me to upgrade RSKD shares to a Buy. Dilok Klaisataporn Investment thesis In my previous article on the company, I pointed out Riskified's ( NYSE: RSKD ) unique position in online fraud management for e-commerce merchants, driven by its strong technology platform and significant network effects that distinguish it from competitors. At that time, I assigned a Hold rating, noting limited upside potential due to expected decelerating revenue growth. Following Q2 results where full year revenue guidance was lowered and adjusted EBITDA guidance was raised, shares have fallen more than 20
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RSKD
News
- Riskified Takes a Stand Against Fraud as a Leading Supporter of International Fraud Awareness Week 2024 [Yahoo! Finance]Yahoo! Finance
- Riskified Takes a Stand Against Fraud as a Leading Supporter of International Fraud Awareness Week 2024Business Wire
- Riskified Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Riskified Ltd. (NYSE: RSKD) was upgraded by analysts at DA Davidson to a "hold" rating.MarketBeat
- Riskified Ltd. (NYSE: RSKD) had its price target lowered by analysts at UBS Group AG from $4.75 to $4.50. They now have a "neutral" rating on the stock.MarketBeat
RSKD
Earnings
- 11/14/24 - In-Line
RSKD
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form 6-K
- 10/18/24 - Form SC
- RSKD's page on the SEC website