In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Hold rating on Rapid7, with a price target of $27.00. The company’s shares closed yesterday at $22.67.
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Hedberg covers the Technology sector, focusing on stocks such as Gitlab, ServiceNow, and Snowflake. According to TipRanks, Hedberg has an average return of 21.8% and a 70.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Rapid7 with a $30.07 average price target, a 32.64% upside from current levels. In a report released on July 16, Mizuho Securities also downgraded the stock to a Hold with a $27.00 price target.
RPD market cap is currently $1.43B and has a P/E ratio of 55.89.
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