Red Violet price target raised to $52 from $46 at B. Riley

B. Riley raised the firm’s price target on Red Violet (RDVT) to $52 from $46 and keeps a Buy rating on the shares. The company reported another record-setting quarter across nearly every key financial metric, the analyst tells investors in a research note. The firm believes Red Violet’s core identity graph has ample growth runway with SaaS-like visibility and a scalable, largely fixed-cost structure.