Rapid7 (RPD) Receives a Buy from Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz maintained a Buy rating on Rapid7 (RPDResearch Report) on April 11 and set a price target of $135.00. The company’s shares closed last Thursday at $112.82.

According to, Moskowitz is a top 100 analyst with an average return of 22.4% and a 67.5% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.

Currently, the analyst consensus on Rapid7 is a Strong Buy with an average price target of $128.62, which is a 10.3% upside from current levels. In a report issued on April 11, Wolfe Research also initiated coverage with a Buy rating on the stock with a $122.00 price target.

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Based on Rapid7’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $152 million and GAAP net loss of $44.63 million. In comparison, last year the company earned revenue of $113 million and had a GAAP net loss of $28.92 million.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RPD in relation to earlier this year.

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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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