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Riskified downgraded to Sector Weight from Overweight at KeyBanc
The Fly

Riskified downgraded to Sector Weight from Overweight at KeyBanc

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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