In a report released yesterday, Saket Kalia from Barclays maintained a Buy rating on Rapid7 (NASDAQ: RPD), with a price target of $37. The company’s shares closed yesterday at $32.53.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of 13.5% and a 58.1% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, SecureWorks Corp, and Varonis Systems.
Rapid7 has an analyst consensus of Strong Buy, with a price target consensus of $37.89, representing a 16.5% upside. In a report issued on August 6, RBC Capital also reiterated a Buy rating on the stock with a $40 price target.
.
See today’s analyst top recommended stocks >>
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.
Based on the recent corporate insider activity of 74 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.
