Needham Gives a Buy Rating to Rapid7 (RPD)

Needham analyst Alex Henderson assigned a Buy rating to Rapid7 (RPD) today and set a price target of $72.00. The company’s shares closed last Monday at $50.30.

According to, Henderson is a 5-star analyst with an average return of 16.0% and a 55.1% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rapid7 with a $56.88 average price target, representing a 18.2% upside. In a report issued on April 29, Robert W. Baird also maintained a Buy rating on the stock with a $48.00 price target.

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The company has a one-year high of $66.02 and a one-year low of $31.35. Currently, Rapid7 has an average volume of 896.3K.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RPD in relation to earlier this year.

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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.

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