RBC Capital Maintains Outperform on Rapid7, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Rapid7 (NASDAQ:RPD) but lowered the price target from $70 to $57.
May 08, 2024 | 6:42 pm
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Rapid7's Outperform rating is maintained by RBC Capital, though its price target has been reduced from $70 to $57.
The reduction in price target by RBC Capital, despite maintaining an Outperform rating, suggests a reassessment of Rapid7's short-term growth prospects or market conditions. This adjustment could lead to a negative perception among investors, potentially impacting the stock's short-term price movement negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100