Riskified Analysts Boost Their Forecasts After Strong Q1 Results
Portfolio Pulse from Avi Kapoor
Riskified Ltd. (NYSE:RSKD) reported strong Q1 results, beating earnings and sales estimates. The company also announced a $75 million share repurchase program and reiterated its FY24 revenue and adjusted EBITDA outlook. Analysts have raised their price targets for the stock.
May 16, 2024 | 12:41 pm
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Riskified Ltd. reported better-than-expected Q1 earnings and sales, announced a $75 million share repurchase program, and reiterated its FY24 outlook. Analysts raised their price targets, and the stock jumped 15.3%.
The strong Q1 results, share repurchase program, and raised price targets by analysts are likely to positively impact Riskified's stock price in the short term. The 15.3% jump in share price reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100