BUZZ-<a href="https://laohu8.com/S/KIND">Nextdoor Holdings</a> falls as <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> downgrades on platform rebuild concerns** Shares of advertising platform Nextdoor Holdings KIND.N down 3.6% to $1.34 premarket
** Brokerage Morgan Stanley downgrades KIND to "underweight" from "equal weight", trims PT to $1.10 from $2.70
** KIND's platform rebuild, called "NEXT", is introducing new uncertainty and potential risks to the company's growth, brokerage says
** Morgan Stanley sees multiple downsides for KIND, including a risky platform rebuild, a volatile ad market and underperforming ad units, which could disrupt engagement and revenue
** "Overall, the macro uncertainty coupled with KIND's nascent ad innovation are likely to weigh on KIND's ad growth prospects in '25/'26"- Morgan Stanley
** As of last close, KIND down 41.3% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
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