DA Davidson analyst Clark Wright lowered the firm’s price target on Riskified (RSKD) to $6 from $6.50 and keeps a Buy rating on the shares. The company’s Q2 revenue and adjusted EBITDA outperformerance was overshadowed by a flow through of the top line beat this quarter to the full year guide and a reiteration of the adjusted EBITDA outlook, the analyst tells investors in a research note. New business trends were positive this quarter and adoption of non-chargeback guarantee offerings remained strong, but same-store sale pressure continues to weigh on growth, the firm added.
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