Raymond James lowered the firm’s price target on Rapid7 (RPD) to $40 from $45 and keeps an Outperform rating on the shares. Rapid7’s Q1 results were light on growth, with full year expectations revised lower, the analyst tells investors in a research note. The firm says the 2025 setup is “eerily similar” to previous years that ultimately had guidance lowered after slow starts, but is optimistic that new board influence could catalyze more change over time.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPD:
- Rapid7 price target lowered to $29 from $38 at Stifel
- Rapid7 price target raised to $28 from $26 at Baird
- 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