Goldman Sachs Boosts Riskified Price Target Amid Revenue Growth

Goldman Sachs has raised its price target for Riskified Ltd. (RSKD) to $5.50 from $4.75, while maintaining a Sell rating on the stock.

The firm cited the company's sharp acceleration in growth driven by new client signings and leverage to recent sporting events, which led to significant share outperformance.

Riskified's revenue growth has been impressive, with the company posting a 22% increase from the previous year, representing the fastest growth rate in over four years.

Goldman Sachs remains cautious on the competitive dynamics for fraud solutions, citing acquirer and network-linked solutions and liability shifts towards banks in payment methods like Apple Pay as sources of elevated competition.