Red Violet price target raised to $43 from $31.50 at B. Riley

B. Riley raised the firm’s price target on Red Violet (RDVT) to $43 from $31.50 and keeps a Buy rating on the shares. The company reported a “record-breaking” quarter for revenue, gross profit, and cash flow, the analyst tells investors in a research note. The firm says that while the company does not provide formal guidance, management spoke confidently that the momentum the business is currently experiencing should continue through 2025 and will support continued investments in strategic growth initiatives.