Rapid7 price target raised to $60 from $47 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the firm’s price target on Rapid7 to $60 from $47 and keeps an Outperform rating on the shares. The analyst is citing Reuters speculation that the company is exploring a possible sale, including interest from PE firms. RBC Capital adds that this would be in-line with its view of Rapid7 being a top potential takeout candidate and a step towards VM market consolidation.