Rapid7 price target raised to $45 from $40 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on Rapid7 to $45 from $40 and keeps a Neutral rating on the shares. The company reported "lackluster" Q4 results and initiated an "even more guarded" 2023 outlook versus the "disappointing" preliminary expectations provided 90 days ago, the analyst tells investors in a research note. The firm believes the recent execution issues pertaining to Rapid7’s go-to-market strategy aren’t easily solvable.