Piper Sandler Maintains Neutral on Rapid7, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Rob Owens maintains a Neutral rating on Rapid7 (NASDAQ:RPD) and lowers the price target from $56 to $45, indicating a cautious outlook on the company's stock.
May 08, 2024 | 3:57 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler maintains a Neutral rating on Rapid7 and lowers the price target from $56 to $45.
The reduction in price target by Piper Sandler suggests a more cautious outlook on Rapid7's stock, likely due to perceived challenges or slower growth ahead. This adjustment can influence investor sentiment and potentially lead to a short-term decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100