William Blair analyst Christopher Kennedy has reiterated their bullish stance on RSKD stock, giving a Buy rating today.
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Christopher Kennedy has given his Buy rating due to a combination of factors that suggest positive future performance for Riskified. Despite a recent decline in share price, Kennedy views this as a buying opportunity, attributing the sell-off to temporary expectations of lower revenue growth in the September quarter. He anticipates that revenue growth will bottom out in this period and expects gross margins to improve in the latter half of the year.
Riskified’s financial health is also a significant factor in Kennedy’s rating. The company maintains a debt-free balance sheet with substantial cash reserves, making it an attractive asset in the fintech industry. Additionally, Riskified’s strategic initiatives, such as diversifying its business and expanding margins, are expected to drive accelerated revenue growth in 2026. The company’s partnership with HUMAN Security to develop AI-driven solutions further strengthens its position in the evolving fraud landscape, promising additional revenue streams in the coming years.
According to TipRanks, Kennedy is an analyst with an average return of -0.9% and a 50.00% success rate. Kennedy covers the Technology sector, focusing on stocks such as Cantaloupe, Remitly Global, and Euronet Worldwide.
In another report released today, D.A. Davidson also maintained a Buy rating on the stock with a $6.00 price target.