Rapid7 (NASDAQ:RPD) Is Now Covered By Stifel Nicolaus. What can We Expect?

March 1, 2018 - By Migdalia James

 Rapid7 (NASDAQ:RPD) Is Now Covered By Stifel Nicolaus. What can We Expect?

Why Has Stifel Nicolaus Given Rapid7 (NASDAQ:RPD) a $32 Price Target

New York: Rapid7 (NASDAQ:RPD) coverage was initiated with a key ‘”Buy”‘ rating as well as a $32 target price per share at Stifel Nicolaus. The TP by Stifel Nicolaus indicates upside of 21.17 % from the last price.

Rapid7, Inc. (NASDAQ:RPD) Ratings Coverage

Among 14 analysts covering Rapid7 (NASDAQ:RPD), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Rapid7 has $32 highest and $15 lowest target. $26.88’s average target is 1.78% above currents $26.41 stock price. Rapid7 had 40 analyst reports since August 11, 2015 according to SRatingsIntel. As per Tuesday, August 11, the company rating was initiated by Morgan Stanley. The company was maintained on Friday, January 26 by RBC Capital Markets. The stock of Rapid7, Inc. (NASDAQ:RPD) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, January 30. KeyBanc Capital Markets maintained the shares of RPD in report on Friday, October 6 with “Buy” rating. The firm has “Buy” rating by Rosenblatt given on Monday, February 12. The company was initiated on Tuesday, August 11 by Barclays Capital. The stock of Rapid7, Inc. (NASDAQ:RPD) earned “Positive” rating by Susquehanna on Tuesday, August 8. Needham initiated Rapid7, Inc. (NASDAQ:RPD) rating on Monday, October 23. Needham has “Buy” rating and $23.0 target. The stock of Rapid7, Inc. (NASDAQ:RPD) has “Overweight” rating given on Tuesday, August 9 by Barclays Capital. The stock of Rapid7, Inc. (NASDAQ:RPD) earned “Overweight” rating by Pacific Crest on Tuesday, August 11.

The stock increased 3.41% or $0.87 during the last trading session, reaching $26.41. About 759,925 shares traded or 90.70% up from the average. Rapid7, Inc. (NASDAQ:RPD) has risen 56.77% since March 1, 2017 and is uptrending. It has outperformed by 40.07% the S&P500.

Analysts await Rapid7, Inc. (NASDAQ:RPD) to report earnings on May, 8. They expect $-0.31 EPS, down 29.17 % or $0.07 from last year’s $-0.24 per share. After $-0.29 actual EPS reported by Rapid7, Inc. for the previous quarter, Wall Street now forecasts 6.90 % 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 $1.19 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.

Another recent and important Rapid7, Inc. (NASDAQ:RPD) news was published by Gurufocus.com which published an article titled: “Rapid7 Inc (RPD) President and CEO Corey E. Thomas Sold $5.3 million of Shares” on January 30, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.