DA Davidson analyst Rudy Kessinger initiated coverage of Rapid7 with a Neutral rating and $34 price target. The analyst said Rapid7 still has a strong competition position in VM, but VM growth is slowing faster than expected. Kessinger added that he finds near-term catalysts lacking and shares fully valued.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on RPD:
- Rapid7 to Report Fourth Quarter and Full Year 2022 Financial Results on February 8
- Rapid7 price target lowered to $45 from $50 at Piper Sandler
- Rapid7 downgraded to Equal Weight from Overweight at Barclays
- Rapid7 price target lowered to $40 from $45 at Mizuho
- Rapid7 Unites Risk and Threat Detection in the Cloud at AWS re:Invent 2022
