KeyBanc Has Just Reaffirmed $25.0 Target Price Per Share on Rapid7 (NASDAQ:RPD) stock, While They’ve Also Reiterated Their Buy Rating

December 9, 2017 - By Darrin Black

 KeyBanc Has Just Reaffirmed $25.0 Target Price Per Share on Rapid7 (NASDAQ:RPD) stock, While They’ve Also Reiterated Their Buy Rating

Rapid7 (NASDAQ:RPD) Rating Reaffirmed

In a research note shared with investors and clients on Friday, 6 October, The Buy rating of Rapid7 (NASDAQ:RPD) shares was maintained by Analysts at KeyBanc, who now has a $25.0 target price on the stock. KeyBanc’s target price suggests a possible upside of 33.40 % from the close price of the company.

Rapid7, Inc. (NASDAQ:RPD) Ratings Coverage

Among 13 analysts covering Rapid7 (NASDAQ:RPD), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Rapid7 has $28 highest and $15 lowest target. $23.36’s average target is 24.65% above currents $18.74 stock price. Rapid7 had 29 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Buy” rating by Northland Capital given on Friday, July 14. The firm earned “Buy” rating on Thursday, August 31 by KeyBanc Capital Markets. The firm has “Outperform” rating given on Tuesday, August 11 by William Blair. The rating was initiated by Cowen & Co on Tuesday, August 11 with “Outperform”. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, August 11. Northland Capital maintained it with “Buy” rating and $23.0 target in Thursday, October 5 report. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, November 8. As per Tuesday, August 11, the company rating was initiated by Raymond James. The stock has “Buy” rating by Needham on Monday, October 23. The stock of Rapid7, Inc. (NASDAQ:RPD) has “Buy” rating given on Monday, October 30 by RBC Capital Markets.

The stock decreased 0.85% or $0.16 during the last trading session, reaching $18.74. About 153,858 shares traded. Rapid7, Inc. (NASDAQ:RPD) has risen 56.77% since December 9, 2016 and is uptrending. It has outperformed by 40.07% the S&P500.

Analysts await Rapid7, Inc. (NASDAQ:RPD) to report earnings on February, 8. They expect $-0.28 earnings per share, down 27.27 % or $0.06 from last year’s $-0.22 per share. After $-0.27 actual earnings per share reported by Rapid7, Inc. for the previous quarter, Wall Street now forecasts 3.70 % negative 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 $822.33 million. 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 important recent Rapid7, Inc. (NASDAQ:RPD) news were published by: Globenewswire.com which released: “Rapid7 Named a Visionary in the Gartner Magic Quadrant for Security …” on December 06, 2017, also Businesswire.com published article titled: “Application Security – Global Market Outlook (2017-2023) – Research and Markets”, Globenewswire.com published: “Rapid7 Announces New, Consolidated Global Headquarters in Boston” on November 16, 2017. More interesting news about Rapid7, Inc. (NASDAQ:RPD) was released by: Globenewswire.com and their article: “Rapid7 to Host Investor & Analyst Day” with publication date: December 07, 2017.

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