Keefe, Bruyette & Woods Initiates Coverage On Riskified with Market Perform Rating, Announces Price Target of $5.75
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Ryan Tomasello initiates coverage on Riskified (NYSE:RSKD) with a Market Perform rating and a price target of $5.75.

April 09, 2024 | 10:29 am
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Riskified receives a Market Perform rating and a price target of $5.75 from Keefe, Bruyette & Woods.
The initiation of coverage by Keefe, Bruyette & Woods with a Market Perform rating and a specific price target provides investors with a new professional analysis on Riskified's stock. However, a Market Perform rating suggests that the analyst believes the stock will perform in line with the market or its sector, indicating neither a strong buy nor sell signal. Therefore, the short-term impact on the stock price might be neutral, as the market absorbs this new information and aligns Riskified's valuation with the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100