Scotiabank analyst Patrick Colville last night initiated coverage of Rapid7 with a Sector Perform rating and $46 price target. The analyst sees some execution risk and estimate risk. The company’s exposure to smaller companies, large enterprise accounts not standardizing on Rapid7, the company ceding share in vulnerability management, and it capping investment “might be a drag,” the analyst tells investors in a research note. The firm says the shares “aren’t a golden buying opportunity right now.”