DA Davidson raised the firm’s price target on Riskified (RSKD) to $6.50 from $6 and keeps a Buy rating on the shares. The company’s reiterated 2025 guide after a Q1 beat on the top and bottom line is implying lower revenue and profitability relative to the initial guide for the remainder of the year, but the outlook is likely conservative with potential outperformance coming from strong new logo momentum and adoption of non-chargeback offerings, the analyst tells investors in a research note. Riskified’s pipeline trends were also encouraging this quarter as management continues to expand its top of funnel both geographically and vertically, the firm added.
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