Raymond James analyst Adam Tindle maintained a Buy rating on Rapid7 (NASDAQ:RPD) on Thursday, setting a price target of $145, which is approximately 12.58% above the present share price of $128.8.
Tindle expects Rapid7 to post earnings per share (EPS) of -$0.62 for the fourth quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in Rapid7, with an average price target of $137.75.
The analysts price targets range from a high of $162 to a low of $97.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $126.42 million and a net profit of -$21.93 million. The company's market cap is $7.18 billion.
According to TipRanks.com, Raymond James analyst Adam Tindle is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.8% and a 54.65% success rate.
Rapid7, Inc. engages in the provision of cyber security analytics and automation services. Its product includes insight platform, which offers InsightVM, InsightIDR, InsightAppSec, and InsightConnect. The company was founded by Alan P. Matthews, Tas Giakouminakis and Chad Loder in July 2000 and is headquartered in Boston, MA.