Citigroup Maintains Buy on Rapid7, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani maintains a Buy rating on Rapid7 (NASDAQ:RPD) but lowers the price target from $65 to $52.

May 08, 2024 | 7:33 pm
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Citigroup maintains a Buy rating on Rapid7 but lowers the price target from $65 to $52.
The adjustment in price target by Citigroup reflects a revised valuation outlook for Rapid7, though the Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to short-term price volatility as investors reassess their valuation models based on the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100