Truist Financial Boosts Rapid7 Price Target to $50.00
November 7, 2023
☀️Trending News
This news comes as a welcome surprise for Rapid7 ($NASDAQ:RPD) investors and is a testament to the company’s growth and success. Its products include incident response, vulnerability management, threat intelligence, and security analytics solutions. It also provides security consulting services and manages the open source Metasploit penetration testing framework. The company is headquartered in Boston, Massachusetts, with offices in Europe, Asia-Pacific, and the Middle East. The renewed confidence in Rapid7’s stock can be attributed to the company’s strong financial performance over the past year, which included exceeding expectations for both revenue and earnings in its recent quarterly report.
In addition, Rapid7 recently announced an expansion of its cloud-based platform, which will enable customers to gain real-time visibility into their IT assets and mitigate risk. With a higher price target and continued success in the cyber security market, Rapid7 is well-positioned for future growth and potential profitability. Investors would be wise to keep an eye on the stock as it continues to expand its offerings and gain traction in the industry.
Market Price
On Monday, Truist Financial analysts boosted the price target for Rapid7‘s stock to $50.00. At the close of trading, Rapid7’s stock was down 4.4% from its prior closing price of $51.4, and closed at $49.1. Investors should take into account the new price target from Truist Financial when evaluating the potential return on their investments in Rapid7 going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rapid7. More…
| Total Revenues | Net Income | Net Margin |
| 756.92 | -180.69 | -18.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rapid7. More…
| Operations | Investing | Financing |
| 81.05 | -150.33 | 82.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rapid7. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.4k | 1.56k | -2.65 |
Key Ratios Snapshot
Some of the financial key ratios for Rapid7 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.7% | – | -14.9% |
| FCF Margin | ROE | ROA |
| 6.9% | 51.6% | -5.0% |
Analysis
At GoodWhale, we take a deep dive into analyzing RAPID7‘s fundamentals. Our Star Chart gives RAPID7 an intermediate health score of 6/10 considering its cashflows and debt, indicating that it might be able to pay off debt and fund future operations. Additionally, we classify RAPID7 as a ‘cheetah’ type of company, which indicates that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. For investors considering RAPID7, it is important to consider the company’s strengths and weaknesses. In terms of growth, RAPID7 shines brightly. However, when it comes to asset, dividend, and profitability, the company shows more weaknesses. This is something that investors should take into consideration when evaluating the opportunity. More…
Peers
Rapid7 Inc, a cybersecurity company, provides vulnerability management, compliance, and penetration testing solutions. Its competitors are SecureWorks Corp, Safe-T Group Ltd, and CYREN Ltd.
– SecureWorks Corp ($NASDAQ:SCWX)
SecureWorks Corp is a cybersecurity company that provides various security products and services to businesses and organizations. As of 2022, the company has a market capitalization of 645.77 million and a return on equity of -9.05%. The company’s products and services include managed security services, threat intelligence, security analytics, and incident response. SecureWorks Corp was founded in 1998 and is headquartered in Atlanta, Georgia.
– Safe-T Group Ltd ($NASDAQ:SFET)
The company’s market cap is 12.47M as of 2022. The company’s ROE is -53.54%. The company is engaged in the business of providing security products and services.
– CYREN Ltd ($NASDAQ:CYRN)
CYREN Ltd is a cybersecurity company that provides internet security solutions to businesses and consumers. The company has a market capitalization of $7.96 million and a return on equity of -120.94%. CYREN’s products and services include email and web security, network security, and data protection. The company was founded in 1991 and is headquartered in Herzliya, Israel.
Summary
Investing in Rapid7 (NASDAQ:RPD) has been a profitable venture for many traders. Recently, Truist Financial increased their price target on RPD to $50.00, reflecting a strong outlook for the company. All in all, Rapid7 has been a solid bet this year, and many analysts expect it to remain a strong investment in the foreseeable future.
