Robert W. Baird Believes Rapid7 (RPD) Won’t Stop Here


Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Rapid7 (RPD) today. The company’s shares closed last Thursday at $59.58, close to its 52-week high of $64.26.

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 23.4% and a 68.3% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies, Ping Identity Holding, and CrowdStrike Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rapid7 with a $62.63 average price target, representing a 3.2% upside. In a report issued on July 23, RBC Capital also maintained a Buy rating on the stock with a $65.00 price target.

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Based on Rapid7’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $94.34 million and GAAP net loss of $22.92 million. In comparison, last year the company earned revenue of $73.19 million and had a GAAP net loss of $11.67 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.

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