Stifel Maintains Buy on Rapid7, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Gur Talpaz maintains a Buy rating on Rapid7 (NASDAQ:RPD) but lowers the price target from $63 to $51.
May 08, 2024 | 1:26 pm
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Stifel analyst Gur Talpaz maintains a Buy rating on Rapid7 but lowers the price target from $63 to $51.
While the Buy rating reaffirms confidence in Rapid7's long-term prospects, the reduction in price target could suggest a reassessment of near-term growth expectations or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100