Goldman Sachs analyst Will Nance upgraded Riskified to Neutral from Sell with an unchanged price target of $5. The analyst believes the company has likely gone through its "trough" growth period and that revenue growth is likely to accelerate in the coming year. Additionally, he expects Riskified’s EBITDA margins to inflect higher this year, driven by the company’s "strong" cost control measures and the lapping of what was a heavy investment year in 2022.
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Published first on TheFly