DA Davidson Starts Riskified Ltd. (RSKD) at Neutral

DA Davidson analyst Gil Luria initiates coverage on Riskified Ltd. (NYSE: RSKD) with a Neutral rating and a price target of $5.00.

The analyst comments "We are initiating coverage of Riskified Ltd. (RSKD) with a NEUTRAL rating and a $5 price target. We view RSKD as a leader in the eCommerce fraud prevention industry (see industry report) with ample merchant and geographic expansion opportunities as well as profitability potential over the longer term. Deceleration of KPIs reflects the impact of macro uncertainty and a potential decline in consumer spending remains an overhang in the near term. Ultimately, we believe RSKD should benefit from broader market recovery, though near term headwinds keep us on the sidelines."

For an analyst ratings summary and ratings history on Riskified Ltd. click here. For more ratings news on Riskified Ltd. click here.

Shares of Riskified Ltd. closed at $4.71 yesterday.

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