Riskified stock price target raised to $14 by Truist on growth
Truist Securities has increased its price target for Riskified Ltd. (NYSE:RSKD) to $14.00 from $9.00, maintaining a Buy rating on the shares. The firm highlighted the company's impressive third-quarter revenue growth, accelerating to 41% year-over-year, the fastest pace since the initial public offering. This growth surge was primarily fueled by robust new business activity, upselling, and broad-based strength across geographies and verticals.
Digital Finance segment stood out, with billings surging more than 300% year-over-year, as the company benefits from growing demand for fraud prevention across emerging payment methods and market segments. Riskified's financial position remains solid, holding more cash than debt on its balance sheet, and analysts predict the company will turn profitable this year.
The firm sees rising fraud complexity and agentic commerce use cases as reinforcing the value of the Riskified platform. The analyst commented on the company's strong execution across verticals and geographies in the latest quarter. For investors looking for deeper insights, Riskified is included in over 1,400 US equities covered by comprehensive Pro Research Reports, converting complex data into actionable intelligence.
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