Rapid7 price target lowered to $45 from $50 at Jefferies

Jefferies lowered the firm’s price target on Rapid7 (RPD) to $45 from $50 and keeps a Buy rating on the shares. Q4 ARR growth of 4.2% year-over-year was about in-line with consensus, but the FY25 revenue view missed consensus and the non-GAAP operating margin guidance of approximately 14.8% at the mid-point was well below consensus at 19.6%, which was “disappointing,” the analyst tells investors.