21.05 % to Target, Stifel Nicolaus Reaffirms ‘Buy’ Rating on Rapid7 (NASDAQ:RPD) Shares Today

October 2, 2018 - By Hugh Holland

Rapid7, Inc. (NASDAQ:RPD) Logo

Rapid7 (NASDAQ:RPD) Rating Reaffirmed

New York: In a research note revealed to investors on Tuesday, 2 October, Stifel Nicolaus reaffirmed their Buy rating on Rapid7 (NASDAQ:RPD) shares. They now have a $44 target price on the firm. Stifel Nicolaus’s target would indicate a potential upside of 21.05 % from the company’s last stock close.

Rapid7, Inc. (NASDAQ:RPD) Ratings Coverage

Among 7 analysts covering Rapid7 (NASDAQ:RPD), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Rapid7 has $42 highest and $2800 lowest target. $33.57’s average target is -7.65% below currents $36.35 stock price. Rapid7 had 10 analyst reports since April 10, 2018 according to SRatingsIntel. The stock of Rapid7, Inc. (NASDAQ:RPD) earned “Buy” rating by Needham on Monday, April 23. On Wednesday, May 9 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The rating was initiated by BTIG Research on Friday, April 13 with “Buy”. Morgan Stanley maintained Rapid7, Inc. (NASDAQ:RPD) rating on Wednesday, May 9. Morgan Stanley has “Equal-Weight” rating and $30 target. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, August 7. On Friday, April 20 the stock rating was maintained by Cowen & Co with “Buy”. The firm earned “Overweight” rating on Tuesday, August 7 by KeyBanc Capital Markets. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, May 9. DA Davidson initiated the stock with “Hold” rating in Tuesday, April 10 report. BTIG Research downgraded the stock to “Neutral” rating in Monday, June 18 report.

The stock decreased 1.54% or $0.57 during the last trading session, reaching $36.35. About 461,160 shares traded. Rapid7, Inc. (NASDAQ:RPD) has risen 114.47% since October 2, 2017 and is uptrending. It has outperformed by 98.85% the S&P500.

Analysts await Rapid7, Inc. (NASDAQ:RPD) to report earnings on November, 6. They expect $-0.25 EPS, up 7.41 % or $0.02 from last year’s $-0.27 per share. After $-0.29 actual EPS reported by Rapid7, Inc. for the previous quarter, Wall Street now forecasts -13.79 % EPS growth.

Rapid7, Inc. provides security data and analytics solutions that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The company has market cap of $1.70 billion. It offers threat exposure management solutions, including Nexpose, which enables clients to assess and remediate their exposure to cyber risk; Metasploit, a penetration testing software solution; and AppSpider, an application security testing solution. It currently has negative earnings. The firm also provides incident detection and response solutions, such as InsightIDR, a cloud based offering for incident detection and response; Managed Detection and Response, a managed service, which provides clients with attacker behavior analytics, machine learning algorithms, and threat intelligence to hunt attackers; and incident response services that provide clients with access to security experts and experience.

More recent Rapid7, Inc. (NASDAQ:RPD) news were published by: Nasdaq.com which released: “Rapid7 Brings Security Orchestration and Automation Capabilities to its Insight Platform” on September 20, 2018. Also Seekingalpha.com published the news titled: “Rapid7: Switch To Calls” on September 27, 2018. Seekingalpha.com‘s news article titled: “Rapid7: Hold Until 2019” with publication date: September 06, 2018 was also an interesting one.

Rapid7, Inc. (NASDAQ:RPD) Ratings Chart

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