KeyBanc analyst Josh Beck downgraded Riskified to Sector Weight from Overweight without a price target. Despite Beck’s generally constructive stance on both management teams and LT strategy in the commerce/backoffice software space, reduced visibility prompts a more cautious stance on Riskified, the analyst tells investors in a research note. Beck looks for visibility into a return toward the LT growth algorithm of 25%-30% amid a softening ecommerce environment and visibility into the adoption of new products.
Published first on TheFly
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