Stifel lowered the firm’s price target on Rapid7 (RPD) to $29 from $38 and keeps a Hold rating on the shares. Consistent with the firm’s softer checks, Rapid7 delivered a “mixed” Q1 print, the analyst tells investors. While acknowledging an “undemanding multiple,” the firm thinks progress will take time to play out and remains cautious on the broader vulnerability management market, the analyst tells investors.
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Read More on RPD:
- Rapid7 price target lowered to $30 from $35 at Piper Sandler
- Strategic Repositioning and Strong Demand Support Buy Rating for Rapid7 Amid Market Challenges
- Rapid7 price target lowered to $25 from $26 at Barclays
- Rapid7 Reports Modest Growth Amid Strategic Initiatives
- Hold Rating on Rapid7 Amid Mixed Q1 Results and Macroeconomic Challenges