The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Nextdoor Holdings Inc is $2.28, about 0.2% above its August 3 closing price of $2.27
Q2 results beat estimates
U.S. neighborhood social network's Q2 revenue rose 15% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations, marking a swing to profit from prior-year loss
Company attributed results to broad-based channel wins and record user engagement
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$74.55 mln
$72.24 mln (5 Analysts)
Q2 Net Loss
$2.12 mln
Q2 Adjusted EBITDA
Beat
$9.54 mln
$4.31 mln (5 Analysts)
Q2 Income from Operations
-$5.67 mln
Drivers behind the quarter
User engagement - Co said record platform weekly active users and deeper engagement contributed to Q2 results
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