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Red Violet price target raised to $62 from $52 at B. Riley

B. Riley raised the firm’s price target on Red Violet (RDVT) to $62 from $52 and keeps a Buy rating on the shares ahead of the Q3 report on November 5. The firm expects a solid quarter with good demand across most end markets, saying the company’s identity intelligence platform continues gaining traction with expanding customer cohorts.

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