Truist analyst Joel Fishbein lowered the firm’s price target on Rapid7 (RPD) to $35 from $38 and keeps a Hold rating on the shares. The company reported mixed Q4 results, with revenue above Street expectations and annual recurring revenue in line, driven by strength in Detection and Response, though this was partially offset by headwinds to standalone Vulnerability Management, the analyst tells investors in a research note.
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Read More on RPD:
- Rapid7 price target lowered to $45 from $55 at Raymond James
- Rapid7 price target lowered to $39 from $43 at Baird
- Rapid7 price target lowered to $35 from $40 at Piper Sandler
- Hold Rating on Rapid7 Amid Mixed Performance and Uncertain Growth Outlook
- Rapid7’s Transitional Phase and Mixed Financial Outlook Lead to Hold Recommendation
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