Riskified price target lowered to $7 from $8 at Truist

Truist lowered the firm’s price target on Riskified (RSKD) to $7 from $8 and keeps a Buy rating on the shares following the company’s Q4 earnings results. Truist said it was “very surprised by the lack of positive stock reaction” to the company’s Q4 update and outlook commentary, citing “line of sight into further growth acceleration,” a strengthening “new business and related sales pipeline,” and the platform’s “technical performance improvement.”