JPMorgan lowered the firm’s price target on Rapid7 (RPD) to $20 from $22 and keeps a Neutral rating on the shares post the earnings report. The firm says execution challenges are overshowing the company’s product innovation.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPD:
- Rapid7: Overcoming Challenges with Strategic Leadership and Growth Opportunities
- Hold Rating for Rapid7 Amid ARR Shortfall and Operational Challenges
- Strategic Developments and Leadership Changes Position Rapid7 for Growth Amidst Challenges
- Gray Powell Maintains Hold Rating on Rapid7 Amidst Growth Challenges and Promising Detection and Response Business
- Rapid7 price target lowered to $18 from $21 at Barclays