Jefferies analyst Joseph Gallo lowered the firm’s price target on Rapid7 (RPD) to $27 from $35 and keeps a Buy rating on the shares. Q2 ARR was in line with expectations, but the midpoint of FY25 guidance was lowered to account for longer sales cycles, the analyst tells investors. However, the stock remains “extremely cheap,” the analyst added.
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Read More on RPD:
- Rapid7’s Growth Potential Highlighted by Strong Performance and Strategic Platform Approach Despite Challenges
- Rapid7 Reports Steady Growth in Q2 2025 Earnings
- Balanced Risk/Reward Scenario for Rapid7 Amidst Growth and Challenges
- Rapid7 reports Q2 EPS 58c, consensus 44c
- Rapid7 sees Q3 EPS 44c-47c, consensus 46c