UBS analyst Timothy Chiodo downgraded Riskified to Neutral from Buy with a price target of $5, down from $5.75. The analyst cites recent disappointing outlook, increased caution around some of the company’s more discretionary verticals, and slower growth in its events and ticketing vertical for the downgrade. The firm now sees a more balanced risk/reward for shares, particularly in light of the recent fraud event that it says highlights the potential for volatility in results.
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