核心观点 - D.A. Davidson分析师Clark Wright将Riskified（NYSE: RSKD）的目标价上调至12.00美元，发布时股价为9.82美元，意味着22.2%的上行空间 [1][5] - 目标价上调基于强劲的季度销售增长、盈利能力改善以及2026年收入指引的上调 [2][5] 财务表现 - 收入增长41%至1.152亿美元，由新商户和追加销售驱动 [2][5] - 调整后每股收益为0.07美元，高于Zacks共识预期的0.04美元 [2] - 调整后EBITDA增长47%至810万美元 [3] - GAAP净亏损收窄至130万美元，上年同期为780万美元 [3] - 自由现金流合计1520万美元 [3] - 毛利率从51%下降至43%，因新商户带来更高的拒付比率 [3] 业绩指引与增长驱动 - 公司将2026年收入指引从4.00亿–4.10亿美元上调至4.27亿–4.33亿美元 [4][5] - 管理层将新数字金融商户和更广泛的产品采用列为增长驱动因素 [4][5] - 数字金融计费同比增长超过300% [4]

Key Takeaways Riskified's Q3 revenues rose 41% to $115.2M, adjusted EBITDA hit $8.1M, and free cash flow reached $15.2M.RSKD's gross margin fell to 43% from 51% as new merchants brought higher chargebacks despite revenue growth.Riskified raised 2026 revenue guidance to $427M-$433M as digital finance billings surged over 300% Y/Y.Riskified Ltd. (RSKD) raised its 2026 outlook after third-quarter revenues accelerated, with management pointing to new digital finance merchants and broader product adoption as key ...