William Blair analyst Christopher Kennedy has reiterated their bullish stance on RSKD stock, giving a Buy rating on March 3.
Christopher Kennedy has given his Buy rating due to a combination of factors, primarily focusing on Riskified’s financial performance and strategic positioning. Despite some revenue challenges, the company has demonstrated robust margin expansion, with adjusted EBITDA margins increasing significantly in 2024 and expected to continue rising in 2025. This indicates strong operational efficiency and potential for future profitability.
Additionally, Riskified’s solid financial foundation, characterized by a strong balance sheet with substantial cash reserves and no debt, supports its growth prospects. The company’s strategic initiatives, such as expanding higher-margin services, further enhance its value proposition. These services, which have shown impressive growth, contribute to Riskified’s potential for accelerated revenue growth in the coming years, making it an attractive investment opportunity in the fintech sector.
Kennedy covers the Technology sector, focusing on stocks such as Evertec, Payoneer, and Alkami Technology. According to TipRanks, Kennedy has an average return of -0.3% and a 36.84% success rate on recommended stocks.
In another report released on March 3, D.A. Davidson also upgraded the stock to a Buy with a $7.00 price target.
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