Nextdoor Holdings' fair value has risen from US$2.64 to US$3.35 per share, a 27% increase, after analysts raised their price targets following the company's second-quarter results that beat expectations. B. Riley upgraded the stock to Buy with a price target of US$3.30, up from US$2.00, citing platform WAU growth, improving monetization, and better margins. Citi raised its target to US$2.85 from US$2.30 but kept a Neutral rating, signaling caution on the sustainability of the strength. The updated fair value model also reflects revenue growth assumptions shifting from about 9.23% to roughly 10.10%, and profit margin assumptions moving from about 7.80% to roughly 1.96%, with the future P/E adjusting from about 45.8x to roughly 222.2x.
NXDRAnalysts raised price targets and B. Riley upgraded NXDR to Buy after its Q2 results beat expectations.
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