Jefferies lowered the firm’s price target on Rapid7 (RPD) to $9 from $13 and keeps a Hold rating on the shares. Given recent leadership changes, margin pressure from investments and investor anxiety related to AI encroachment, the firm expects the stock to remain under pressure until go to market changes materialize and ARR growth accelerates, the analyst tells investors in a post-earnings note.
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Read More on RPD:
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