Riskified price target raised to $7 from $6 at Piper Sandler

Piper Sandler analyst Brent Bracelin raised the firm’s price target on Riskified (RSKD) to $7 from $6 and keeps an Overweight rating on the shares. At face value, Q4 results and 2025 guidance don’t appear to set an exciting precedent for fundamentals with 2%-6% revenue growth and 5%-8% EBITDA margins, the firm says. However, embedded in guidance are two important dynamics pressuring 2025 result that should alleviate by 2026, namely churn of a large Home Goods merchant in October 2024 — $18M drag to 2025 revenue; and restructuring plans this year that should manifest in a heavier-lighter first half of the year vs. second half OpEx dynamic through 2025, Piper adds.