UBS Upgrades Rapid7 to Buy, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Roger Boyd has upgraded Rapid7 (NASDAQ:RPD) from Neutral to Buy and increased the price target from $53 to $70, indicating a positive outlook on the company's stock.
January 29, 2024 | 11:53 am
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Rapid7's stock has been upgraded by UBS from Neutral to Buy with a raised price target from $53 to $70, suggesting confidence in the company's future performance.
Upgrades by analysts, especially from neutral to buy, typically signal a bullish outlook on the stock and can lead to increased investor confidence and a potential rise in the stock price in the short term. The increase in the price target further reinforces this positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100