- Riskified ( NYSE: RSKD ) is trading around +9% on Monday following an upgrade by Goldman Sachs Group to Neutral from Sell with a 12-month price target of $5.
- Analysts suggest Riskified has "likely gone through its trough growth period" and revenue growth is set to accelerate in 2023. EBITDA margins are also expected to move higher during the year.
- Riskified's positive prospects in 2023 will be driven by "strong cost control measures" and heavy investments in 2022.
- Goldman expects the stock will continue to trade at a discount to peers in the near before investor confidence picks up.
- Riskified's shares are rated as a Buy by SA's quant system .
For further details see:
Riskified in the green after upgrade by Goldman Sachs