Citigroup Maintains Neutral on Rapid7, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani maintains a Neutral rating on Rapid7 (NASDAQ:RPD) and lowers the price target from $59 to $50.
May 23, 2023 | 2:13 pm
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NEGATIVE IMPACT
Citigroup analyst Fatima Boolani maintains a Neutral rating on Rapid7 and lowers the price target from $59 to $50.
The lowered price target from Citigroup indicates a potential decrease in Rapid7's stock price in the short term. As the price target is reduced from $59 to $50, investors may adjust their expectations, leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100