Canaccord Genuity Maintains Hold on Rapid7, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Michael Walkley maintains a Hold rating on Rapid7 (NASDAQ:RPD) and lowers the price target from $60 to $52.
May 08, 2024 | 4:53 pm
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Canaccord Genuity maintains a Hold rating on Rapid7 and lowers the price target from $60 to $52.
The reduction in price target by Canaccord Genuity suggests a downward revision in the firm's expectations for Rapid7's future performance, which could lead to negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100