Barclays Believes Rapid7 (RPD) Won’t Stop Here
Barclays analyst Saket Kalia maintained a Buy rating on Rapid7 (RPD) on July 16 and set a price target of $69. The company’s shares closed yesterday at $63.13, close to its 52-week high of $63.85.
According to TipRanks.com, Kalia is a 5-star analyst with an average return of 14.7% and a 62.5% success rate. Kalia covers the Technology sector, focusing on stocks such as CyberArk Software, SecureWorks Corp, and Varonis Systems.
Rapid7 has an analyst consensus of Strong Buy, with a price target consensus of $63.50, a 0.6% upside from current levels. In a report issued on July 11, Robert W. Baird also maintained a Buy rating on the stock with a $62 price target.
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The company has a one-year high of $63.85 and a one-year low of $26.27. Currently, Rapid7 has an average volume of 633.5K.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock.
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Rapid7, Inc. engages in the provision of cyber security analytics and automation services. Its product includes insight platform, which offers InsightVM, InsightIDR, InsightAppSec, and InsightConnect. The company was founded by Alan P. Matthews, Tas Giakouminakis and Chad Loder in July 2000 and is headquartered in Boston, MA.