Nextdoor Holdings shares are trading lower after Evercore ISI downgraded the stock to In-Line.
Portfolio Pulse from Benzinga Newsdesk
Nextdoor Holdings' stock has been downgraded to In-Line by Evercore ISI, causing the shares to trade lower.
November 08, 2023 | 4:18 pm
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Nextdoor Holdings, trading under the symbol KIND, has seen a decrease in share prices following a downgrade to In-Line by Evercore ISI.
Evercore ISI's downgrade of Nextdoor Holdings' stock to In-Line indicates a neutral outlook, which can often lead to a decrease in investor confidence and a subsequent drop in share prices. This is likely the cause of the observed decrease in Nextdoor Holdings' share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100