JP Morgan Maintains Neutral on Rapid7, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex has maintained a Neutral rating on Rapid7 (NASDAQ:RPD) and increased the price target from $52 to $61.
December 11, 2023 | 4:10 pm
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POSITIVE IMPACT
JP Morgan has maintained a Neutral rating on Rapid7 and raised the price target to $61, indicating a positive outlook on the company's valuation.
The increase in price target by a reputable analyst like JP Morgan suggests a positive reassessment of Rapid7's valuation, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100