Baird Downgrades Rapid7 to Neutral, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Shrenik Kothari has downgraded Rapid7 (NASDAQ:RPD) from Outperform to Neutral and lowered the price target from $56 to $45.
August 01, 2024 | 12:28 pm
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NEGATIVE IMPACT
Baird analyst Shrenik Kothari downgraded Rapid7 from Outperform to Neutral and reduced the price target from $56 to $45.
The downgrade from Outperform to Neutral and the reduction in the price target from $56 to $45 by Baird is likely to negatively impact Rapid7's stock price in the short term. Downgrades and lower price targets typically signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100