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Fly News Breaks for May 3, 2019
RPD
May 3, 2019 | 09:11 EDT
BTIG analyst Joel Fishbein raised his price target on Rapid7 to $62 and kept his Buy rating after its "impressive" Q1 earnings beat and raised FY19 revenue guidance. The analyst says the quarter was highlighted by the 51% growth of the company's annualized recurring revenue as well as its first positive ever EBIT, "demonstrating" the operating leverage of Rapid7's business model.
News For RPD From the Last 2 Days
RPD
Apr 26, 2024 | 07:13 EDT
Scotiabank analyst Patrick Colville last night initiated coverage of Rapid7 with a Sector Perform rating and $46 price target. The analyst sees some execution risk and estimate risk. The company's exposure to smaller companies, large enterprise accounts not standardizing on Rapid7, the company ceding share in vulnerability management, and it capping investment "might be a drag," the analyst tells investors in a research note. The firm says the shares "aren't a golden buying opportunity right now."
