Canaccord analyst Kingsley Crane lowered the firm’s price target on Rapid7 (RPD) to $7 from $10 and keeps a Hold rating on the shares. The firm said the last year has been focused on rebuilding the go-to-market engine, simplifying sales coverage, and beginning to layer in more global delivery capability out of Pune.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPD: