Rapid7 price target lowered to $52 from $60 at Canaccord

Canaccord lowered the firm’s price target on Rapid7 to $52 from $60 and keeps a Hold rating on the shares. The firm said they reported mixed Q1 results with ending ARR below expectations due to a lower-than anticipated contribution of its VM base transitioning to its integrated risk management offering, but revenue was slightly above estimates.