Nextdoor price target lowered to $2.20 from $2.40 at B. Riley

B. Riley analyst Naved Khan lowered the firm’s price target on Nextdoor (NXDR) to $2.20 from $2.40 and keeps a Neutral rating on the shares. While Q4 results were above “muted” expectations, the risk/reward remains balanced, the analyst tells investors in a research note.