RBC Capital analyst Matthew Hedberg reiterated a Buy rating on Rapid7 (NASDAQ: RPD) yesterday and set a price target of $40. The company’s shares closed yesterday at $29.91.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 33.0% and a 80.1% success rate. Hedberg covers the Technology sector, focusing on stocks such as Altair Engineering Inc, Varonis Systems, and Citrix Systems.
Rapid7 has an analyst consensus of Strong Buy, with a price target consensus of $36.
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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.
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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.
