UBS Maintains Buy on Rapid7, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Roger Boyd has maintained a Buy rating on Rapid7 (NASDAQ:RPD) but has lowered the price target from $70 to $65.
May 08, 2024 | 1:51 pm
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NEUTRAL IMPACT
UBS maintains a Buy rating on Rapid7 but lowers the price target from $70 to $65.
While the reduction in price target could suggest a more cautious outlook on the stock's short-term price performance, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral market reaction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100