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Fly News Breaks for October 8, 2019
RPD
Oct 8, 2019 | 08:36 EDT
Baird analyst Jonathan Ruykhaver noted Rapid7 shares have been weak since it reported what he believed was a fundamentally strong Q2 earnings report. The analyst believes investment in S&M has been validated by strong customer acquisition growth in ARR/customer. He sees the company as well positioned for continued success given what he sees as favorable market momentum for capabilities the company can offer. Ruykhaver reiterated his Outperform rating and 472 price target on Rapid7 shares.
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