JP Morgan Upgrades Riskified to Neutral, Sees 17.54% Upside Potential

JP Morgan upgraded Riskified (RSKD) from Underweight to Neutral. The average one-year price target is $5.86/share, an increase of 17.54% from its latest reported closing price of $4.99/share. The projected annual revenue is 438MM, an increase of 29.20%, and the projected annual non-GAAP EPS is -0.22. There are 128 funds or institutions reporting positions in Riskified, with an average portfolio weight of 0.15%.