Rosenblatt Starts Rapid7 (RPD) at Buy

August 26, 2016 9:02 AM EDT
Get Alerts RPD Hot Sheet
Price: $12.85 -1.98%

Rating Summary:
    8 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 30 | New: 8
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Rosenblatt initiates coverage on Rapid7 (NASDAQ: RPD) with a Buy rating and a price target of $23.00.

Analyst Marshall Senk commented, "We believe that Rapid7 is well positioned to exploit the shift in security spending away from traditional threat blocking towards intelligence leveraging data about threats, the network and users to both more rapidly respond to and remediate threats limiting damage. Gartner forecasts that spending for detection and response will shift from 20% of security in 2015 to 60% by 2020. RPD should sustain above market growth through this cycle; initiating with Buy and $23 PT."

For an analyst ratings summary and ratings history on Rapid7 click here. For more ratings news on Rapid7 click here.

Shares of Rapid7 closed at $18.62 yesterday.

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