In a report released today, Alex Henderson from Needham maintained a Buy rating on Rapid7 (RPD), with a price target of $50. The company’s shares opened today at $44.49, close to its 52-week high of $45.17.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 11.5% and a 50.8% success rate. Henderson covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Lumentum Holdings, and Ceragon Networks.
Rapid7 has an analyst consensus of Moderate Buy, with a price target consensus of $44.56, representing a 0.2% upside. In a report issued on January 28, Raymond James also upgraded the stock to Buy with a $45 price target.
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The company has a one-year high of $45.17 and a one-year low of $21.33. Currently, Rapid7 has an average volume of 581.8K.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
