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Red Violet rated buy with 29% upside, strong growth, and solid fundamentals despite recent rally.

Analyst Insights
08 Nov 2026, 05:07 WIB
Seeking Alpha
View Source
Bullish
Red Violet rated buy with 29% upside, strong growth, and solid fundamentals despite recent rally.

Red Violet (RDVT), a US-based cloud identity intelligence company, is rated a buy with a price target of $90 by FY 2027, implying a 29% upside. The company shows strong fundamentals including 20% year-over-year revenue growth, high revenue predictability from pricing contracts, and expanding margins with robust operating cash flow. Despite a 95% stock rally in the past six months, RDVT trades at a discount compared to faster-growing peers, suggesting potential for multiple expansion if growth exceeds 23%. Key risks involve execution on growth and maintaining revenue predictability if transactional revenue remains significant.

Red Violet stock is the subject, with Pluang providing a snapshot of the Technology sector as of Nov 08, 2026 10:21 WIB. Among 150 priced US technology stocks, 80 rose and 68 fell today. Notable movers include Microchip Technology Inc. (MCHP) at USD 58.35 with a 10.02% decline, Applovin Corporation (APP) at USD 391.22 rising 9.86%, and Applied Digital Corporation (APLD) at USD 15.55 up 9.74%.

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