Scotiabank analyst Patrick Colville lowered the firm’s price target on Rapid7 (RPD) to $38 from $42 and keeps a Sector Perform rating on the shares. The firm maintains its rating on the stock following progress in Q4, but the company is still navigating through challenges, the analyst tells investors. The company is reinvesting in growth in 2025, which is “great to see” but likely weighing on shares after hours, the firm adds.
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Read More on RPD:
- Rapid7 price target lowered to $35 from $38 at Truist
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