Rapid7 Announces Third Quarter 2024 Financial Results

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Rapid7 (RPD) PT Lowered to $50 at Citi

November 7, 2024 5:30 AM EST

Citi analyst Fatima Boolani lowered the price target on Rapid7 (NASDAQ: RPD) to $50.00 (from $52.00) while maintaining a Buy rating.

The analyst comments "Muted ARR 6% YoY frustrates (+$7M NNARR shrunk QoQ despite presumed CRWD outage deal-slippage), overshadowing sharp OPM/EPS upside... More