Rapid7 (RPD) Received its Third Buy in a Row


After RBC Capital and KeyBanc gave Rapid7 (NASDAQ: RPD) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Gregg Moskowitz reiterated a Buy rating on Rapid7 today and set a price target of $40. The company’s shares closed yesterday at $29.91.

According to TipRanks.com, Moskowitz is a 5-star analyst with an average return of 18.8% and a 67.4% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Citrix Systems, Symantec Corp, and Check Point.

Rapid7 has an analyst consensus of Strong Buy, with a price target consensus of $37.22, which is a 24.4% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a $40 price target.

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The company has a one-year high of $33.92 and a one-year low of $14.75. Currently, Rapid7 has an average volume of 423.9K.

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.

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