Raymond James lowered the firm’s price target on Rapid7 (RPD) to $45 from $55 and keeps an Outperform rating on the shares. Rapid7’s growth metrics were better than expected for Q4, but 2025 revenue and margins are expected to decelerate during an investment year in 2025, the analyst tells investors in a research note. The firm sees more than 50% upside from current levels via a successful split of the company and adds that the activist involvement provides a potential catalyst for this over time.
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Read More on RPD:
- 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
- Mixed Outlook for Rapid7: Stability Amid Challenges Leads to Hold Rating
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