NXDR

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.

Nextdoor Holdings, Inc. (NYSE: NXDR) announced major platform improvements to help neighbors find beloved local businesses and help businesses build their reputation in the U.S., Canada, and the United Kingdom. The overhaul includes a new discovery hub called Local Faves, AI-powered search, revamped business pages, and improved Fave Awards voting. Nextdoor reports nearly 75 million Faves across nearly 6.6 million businesses globally, with local recommendations representing nearly 30% of all content on the platform. The company emphasizes that its verified neighbor and business model counters fake reviews, citing that 97% of consumers rely on reviews but 59% have encountered fake ones. New business tools, including an onboarding dashboard and opportunity alerts, are also being introduced, with some features rolling out soon in the U.S.

Nextdoor raised its full-year 2026 outlook to low teens revenue growth and an adjusted EBITDA margin of approximately 10%, following what management called the strongest quarter in company history. For the third quarter, the company guided revenue of $76 million to $78 million and adjusted EBITDA of $6.5 million to $8 million. Second-quarter revenue came in at $75 million, up 15% year-over-year and above the prior guidance range of $71 million to $73 million, while adjusted EBITDA reached $10 million, representing a 13% margin. Platform weekly active users hit an all-time high of 22.9 million, up 5% from a year earlier, and the company ended the quarter with $378 million in cash and no debt.