Susquehanna Maintains Neutral on Rapid7, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Anne Meisner maintains a Neutral rating on Rapid7 (NASDAQ:RPD) and lowers the price target from $55 to $40.
May 13, 2024 | 11:48 am
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NEGATIVE IMPACT
Susquehanna has maintained a Neutral rating on Rapid7 but reduced the price target from $55 to $40, indicating a cautious outlook on the stock's short-term price movement.
The reduction in price target by a significant margin suggests that Susquehanna sees less upside potential or more risks associated with Rapid7 than previously thought. This could lead to a negative perception among investors, potentially impacting the stock's short-term price negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100