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Investing.com - Goldman Sachs has raised its price target on Nextdoor Holdings (NYSE:NXDR) to $2.00 from $1.75 while maintaining a Neutral rating following the company’s Q2 2025 earnings report. The stock, which has gained over 7% in the past week, currently trades between analyst targets ranging from $1.10 to $3.50.
The firm cited positive early feedback on Nextdoor’s new platform rollout, which has shown healthy engagement metrics and is expected to expand to more jurisdictions in the second half of the year.
Goldman Sachs noted that Nextdoor delivered revenue outperformance in the quarter despite setting a cautious tone early on, with self-serve advertiser growth and auction density building momentum.
The social networking company has made steady progress on its margin trajectory goals, accelerated by a newly announced cost restructuring plan expected to generate approximately $30 million in annual cost savings, while maintaining investments in long-term AI product initiatives.
Goldman Sachs expects investors to remain focused on Nextdoor’s quarterly revenue growth driven by product launch efforts, which may put near-term pressure on advertising monetization, alongside potential macroeconomic volatility in the second half of 2025.
In other recent news, Nextdoor Holdings, Inc. announced a change in its ticker symbol from KIND to NXDR, effective July 21, 2025. This change coincides with the launch of its redesigned product. Shareholders are not required to take any action regarding this ticker symbol update, and the company’s Class A common stock will continue trading on the New York Stock Exchange with its CUSIP remaining unchanged. Additionally, Morgan Stanley (NYSE:MS) downgraded Nextdoor’s stock rating from Equalweight to Underweight. The firm also significantly reduced its price target for Nextdoor’s shares to $1.10 from $2.70. This downgrade is attributed to concerns over the company’s recent platform overhaul, called NEXT, which introduces new uncertainties. Analysts at Morgan Stanley also cited macroeconomic challenges affecting smaller, brand-based advertising platforms as a factor in their decision.
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