Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Rapid7 (RPD) today and set a price target of $72.00. The company’s shares closed last Monday at $48.54.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 16.4% and a 64.5% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rapid7 with a $71.10 average price target, representing a 48.7% upside. In a report issued on October 2, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $66.00 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 $11.83 million.
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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.