Baird Maintains Outperform on Rapid7, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Shrenik Kothari maintains an Outperform rating on Rapid7 (NASDAQ:RPD) but lowers the price target from $62 to $56.

May 08, 2024 | 11:44 am
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NEUTRAL IMPACT
Baird maintains an Outperform rating on Rapid7 but lowers the price target from $62 to $56.
While the reduction in price target could suggest a tempered outlook on the stock's short-term price potential, the maintenance of an Outperform rating by Baird indicates a continued positive view on the company's fundamentals and growth prospects. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the analyst's ongoing confidence in the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100