Shares of cybersecurity firm Rapid7 (RPD) plummeted by 5.14% during Thursday's trading session, continuing its downward trend as multiple analysts lowered their price targets on the stock.
Several Wall Street firms including Jefferies, Barclays, and Piper Sandler decreased their price objectives on Rapid7, citing concerns over the company's slowing growth and future prospects. Jefferies lowered its target to $45 from $50, while Barclays and Piper Sandler both cut their targets to $35, down from $43 and $40 respectively.
The analysts' cautious stance reflects growing concerns about Rapid7's ability to sustain its previous growth trajectory, especially in light of recent quarterly results that fell short of expectations. The company's fourth-quarter annualized recurring revenue (ARR) growth of 4.2% year-over-year was seen as a disappointment, prompting analysts to reevaluate their forecasts and valuation models.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。