Mizuho Securities Starts Rapid7 (RPD) at Buy
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Rating Summary:
10 Buy, 19 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 23 | Down: 26 | New: 23
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Mizuho Securities analyst Gregg Moskowitz initiates coverage on Rapid7 (NASDAQ: RPD) with a Buy rating and a price target of $59.00.
The analyst comments "RPD's relatively new cloud-based Insight platform has fueled an acceleration in ARR growth, and we expect the company will continue growing at a healthy rate in CY19-20. Despite a large 85% gain in the shares over the past 12 months, RPD still trades at a reasonable 6x CY20E revenue multiple for a company expected to grow ARR >30%."
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 $50.37 yesterday.
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