As previously reported, Citi analyst Fatima Boolani upgraded Rapid7 to Buy from Neutral with a price target of $65, up from $54 following the firm’s CISO survey work and channel checks. The field work with cybersecurity decision-makers shows they are anticipating slower budget growth, says the analyst, who adds that Rapid7 shares are “cheap” considering the company’s “self-help” narrative.
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