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Stifel cuts Rapid7 stock rating to hold


Published on 2025-01-17 11:01:18 - MSN
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  • Stifel downgraded cybersecurity firm Rapid7 Inc (NASDAQ:RPD) to "Hold" from "Buy" as it trimmed its price target to $42 from $48 given a cautious outlook on the vulnerability management (VM) market.

Stifel Financial Corp. has downgraded Rapid7 Inc.'s stock rating from "buy" to "hold" and reduced its price target from $63 to $51, as reported by The Fly. This adjustment reflects concerns over Rapid7's growth prospects, particularly in light of the company's recent financial performance and market conditions. Rapid7, a cybersecurity firm, has been navigating a challenging environment with increased competition and shifting customer demands. The downgrade suggests that Stifel analysts see limited upside potential for Rapid7's stock in the near term, possibly due to slower revenue growth, margin pressures, or broader market dynamics affecting the cybersecurity sector.

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