Red Violet price target lowered to $65 from $75 at B. Riley

B. Riley lowered the firm’s price target on Red Violet (RDVT) to $65 from $75 and keeps a Buy rating on the shares. Shares have been dragged down by indiscriminate “SaaS-pocalypse” fears despite structural insulation, argues the analyst, who believes the firm’s 2026 and 2027 estimates are “achievable, if not beatable.”