Rapid7 price target raised to $39 from $35 at DA Davidson

DA Davidson analyst Rudy Kessinger raised the firm’s price target on Rapid7 (RPD) to $39 from $35 and keeps a Neutral rating on the shares. The company’s Q3 results were mixed, with annual recurring revenue falling short of consensus estimates, though its net new logo adds were a bright spot and the management called out strong new pipeline generation for new products, the analyst tells investors in a research note.