Northland Securities Believes Rapid7 (RPD) Still Has Room to Grow

In a report released today, Robert Breza from Northland Securities maintained a Buy rating on Rapid7 (RPD), with a price target of $75. The company’s shares closed yesterday at $61.06, close to its 52-week high of $66.01.

According to, Breza is a 5-star analyst with an average return of 13.0% and a 59.2% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rapid7 with a $65.91 average price target, representing a 7.9% upside. In a report issued on July 18, Raymond James also maintained a Buy rating on the stock with a $74 price target.

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Based on Rapid7’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $13.42 million. In comparison, last year the company had a GAAP net loss of $14.33 million.

Based on the recent corporate insider activity of 91 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.

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