After Nomura and Robert W. Baird gave Rapid7 (NASDAQ: RPD) a Buy rating last month, the company received another Buy, this time from Northland Securities. Analyst Robert Breza reiterated a Buy rating on Rapid7 today and set a price target of $75. The company’s shares closed on Friday at $62.83, close to its 52-week high of $63.03.
According to TipRanks.com, Breza is a 5-star analyst with an average return of 14.1% and a 62.7% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.
Rapid7 has an analyst consensus of Strong Buy, with a price target consensus of $63.17, which is a 0.5% 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.
See today’s analyst top recommended stocks >>
Based on Rapid7’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $11.67 million. In comparison, last year the company had a GAAP net loss of $14.33 million.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.