Truist Securities Maintains Hold on Rapid7, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joel Fishbein maintains a Hold rating on Rapid7 (NASDAQ:RPD) and lowers the price target from $50 to $45.
May 08, 2024 | 1:04 pm
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Truist Securities maintains a Hold rating on Rapid7 and lowers the price target from $50 to $45.
The reduction in price target by Truist Securities suggests a bearish outlook on Rapid7's short-term price potential, likely due to revised expectations on the company's future performance. This adjustment could lead to a negative perception among investors, potentially impacting the stock's price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100