In a report released today, Rob Owens from KeyBanc maintained a Buy rating on Rapid7 (NASDAQ: RPD), with a price target of $38. The company’s shares closed yesterday at $29.91.
According to TipRanks.com, Owens is a top 100 analyst with an average return of 26.7% and a 74.8% success rate. Owens covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, New Relic Inc, and Dropbox Inc.
Currently, the analyst consensus on Rapid7 is a Strong Buy with an average price target of $36.33, which is a 21.5% 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.
