Truist lowered the firm’s price target on Rapid7 (RPD) to $8 from $14 and keeps a Hold rating on the shares. The company reported mixed Q4 earnings, with results coming in roughly in-line with the firm’s estimates, and the management announced a series of organizational changes and strategic pivots aimed at re-accelerating growth, the analyst tells investors in a research note.
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Read More on RPD:
- Rapid7 downgraded to Neutral from Buy at UBS
- Rapid7 price target lowered to $9 from $18 at Stifel
- Rapid7 price target lowered to $10 from $16 at Piper Sandler
- Rapid7: Attractive Valuation but Revenue Contraction and Prolonged Transition Justify a Balanced Hold Rating
- Rapid7 price target lowered to $9 from $13 at Jefferies