Barclays Maintains a Buy Rating on Rapid7 (RPD)


In a report released yesterday, Saket Kalia from Barclays maintained a Buy rating on Rapid7 (NASDAQ: RPD), with a price target of $40. The company’s shares opened today at $37.28, close to its 52-week high of $38.96.

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 14.7% and a 59.7% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, Varonis Systems, and Carbonite Inc.

Rapid7 has an analyst consensus of Strong Buy, with a price target consensus of $38.67.

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Based on Rapid7’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $14.33 million. In comparison, last year the company had a GAAP net loss of $11.64 million.

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Rapid7, Inc. provides security data and analytics solutions, which enable organizations to implement an active cyber security. It offers penetration test services, vulnerability management, detection & response services, IoT services, and training & certification. The firm’s products include InsightVM, InsightIDR, InsightOps, InsightAppSec, and Metasploit.

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