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Truist analyst Joel Fishbein initiated coverage of KnowBe4 with a Buy rating and $25 price target. In the wake of the Colonial Pipeline ransomware attack, the company looks to be well-positioned to capitalize on the rising number and sophistication of cyber-attacks at scale employing "social engineering techniques", the analyst tells investors in a research note, also citing a dramatic increase in the attack surface brought upon by the expanded use of technology.

Canaccord analyst David Hynes initiated coverage of KnowBe4 with a Buy rating and $26 price target. The analyst said it is the category leader in Security Awareness Training and sees the business as a rule of 50+ execution for at least the next few years while the stock is currently reasonably valued.

UBS analyst Fatima Boolani initiated coverage of KnowBe4 with a Neutral rating and $21 price target. The analyst says the positives, like the company's under-penetrated international footprint, are balanced by deal size and net retention concerns.

Goldman Sachs analyst Brian Essex initiated coverage of KnowBe4 with a Buy rating and 12-month price target of $25. The analyst views KnowBe4 as the best positioned vendor in the market to address the threat of social engineering in enterprise vulnerability. He sees "several levers for upside to current levels for the stock."