Scotiabank analyst Patrick Colville lowered the firm’s price target on Rapid7 (RPD) to $9 from $18 and keeps a Sector Perform rating on the shares. The firm intends to remain on the sidelines until Rapid7 can prove its ability to return to sustainable top and bottom-line growth, the analyst tells investors.
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Read More on RPD:
- Rapid7 price target lowered to $8 from $14 at Truist
- 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