Stock Track | Riskified Plummets 5.40% as UBS Cuts Price Target on Merchant Loss, Fraud Event

Stock Track11-15

Riskified Ltd. (RSKD) saw its stock price plummet by 5.40% in Friday's intraday trading session, following a downgrade by UBS analysts. The sell-off comes after UBS lowered its price target on RSKD to $4.50 from $4.75, citing the company's recent challenges.

According to UBS, Riskified announced the loss of a large merchant in the Home category at the end of October, resulting in a $23 million revenue loss on a pro forma full-year basis. Additionally, the company faced a fraud event in the second quarter, further weighing on investor sentiment.

Despite these setbacks, UBS acknowledged that Riskified's combination of brand-name enterprise clients, low penetration for chargeback guarantee solutions, and a large eCommerce end-market provide attractive tailwinds. However, the analyst firm sees a more balanced risk-reward for RSKD shares in the near- to medium-term, particularly in light of the recent merchant loss and fraud event.

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(RSKD) saw its stock price plummet by 5.40% in Friday's intraday trading session, following a downgrade by UBS analysts. The sell-off comes after UBS lowered its price target on RSKD to...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RSKD","symbol_name":"Riskified Ltd.","start_time":0,"source_url":"","article_id":"1123085855","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123085855","pubTimestamp":1731684020,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Riskified Ltd.  saw its stock price plummet by 5.40% in Friday's intraday trading session, following a downgrade by UBS analysts. 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