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Fly News Breaks for August 2, 2019
RPD
Aug 2, 2019 | 08:59 EDT
RBC Capital analyst Matthew Hedberg raised his price target on Rapid7 to $81 and kept his Outperform rating after its Q2 earnings beat, saying the quarter was strong as recurring revenue growth of 46% accelerated again and the management's 30% target for 2019 appears to be conservative. The analyst is also raising his FY20 revenue view to $393M from $386M and believes that upside on Rapid7's consensus remains through 2020.
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