In a report issued on February 8, Marshall Senk from Rosenblatt Securities reiterated a Buy rating on Rapid7 (RPD), with a price target of $51. The company’s shares closed on Friday at $44.49, close to its 52-week high of $45.17.
Senk commented:
“We reiterate our buy rating and increase our price target to $51. Results Rapid7 delivered another impressive quarter with 53% ARR growth and 19% revenue growth. Compared to our estimates, ARR was $252mn (vs. our $239mn) and revenue of $68.7mn (vs. our $67.5mn). Q4 marked the sixth consecutive quarter of accelerating ARR growth. The results were: .”
According to TipRanks.com, Senk is a 5-star analyst with an average return of 21.4% and a 74.3% success rate. Senk covers the Technology sector, focusing on stocks such as Carbonite Inc, Cloudera Inc, and MongoDB Inc.
Currently, the analyst consensus on Rapid7 is a Moderate Buy with an average price target of $45.45, representing a 2.2% 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.
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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.
