Rapid7, Inc. (RPD) Stock Formed Bullish Double Top. What To Expect?

June 21, 2018 - By reb123z

Rapid7, Inc. (NASDAQ:RPD) Logo

The chart of Rapid7, Inc. (RPD) shows a double top with $34.40 target or 5.00 % above today’s $32.76 share price. The 7 months chart pattern indicates low risk for the $1.52B company. It was reported on Jun, 21 by Finviz.com. If the $34.40 price target is reached, the company will be worth $75.75M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.12% or $0.04 during the last trading session, reaching $32.76. About 109,904 shares traded. Rapid7, Inc. (NASDAQ:RPD) has risen 68.68% since June 21, 2017 and is uptrending. It has outperformed by 56.11% the S&P500.

Analysts await Rapid7, Inc. (NASDAQ:RPD) to report earnings on August, 6. They expect $-0.28 earnings per share, down 7.69 % or $0.02 from last year’s $-0.26 per share. After $-0.33 actual earnings per share reported by Rapid7, Inc. for the previous quarter, Wall Street now forecasts -15.15 % EPS growth.

Rapid7, Inc. (NASDAQ:RPD) Ratings Coverage

Among 10 analysts covering Rapid7 (NASDAQ:RPD), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Rapid7 had 16 analyst reports since January 24, 2018 according to SRatingsIntel. The rating was maintained by Rosenblatt with “Buy” on Monday, February 12. The rating was maintained by Morgan Stanley on Tuesday, February 13 with “Equal-Weight”. On Monday, February 12 the stock rating was maintained by Needham with “Buy”. The firm has “Buy” rating by Cowen & Co given on Friday, April 20. The firm earned “Buy” rating on Friday, April 13 by BTIG Research. The rating was initiated by DA Davidson on Tuesday, April 10 with “Hold”. The firm earned “Buy” rating on Wednesday, January 24 by Cowen & Co. The company was maintained on Wednesday, May 9 by KeyBanc Capital Markets. The firm earned “Overweight” rating on Tuesday, January 30 by KeyBanc Capital Markets. BTIG Research downgraded Rapid7, Inc. (NASDAQ:RPD) on Monday, June 18 to “Neutral” rating.

Another recent and important Rapid7, Inc. (NASDAQ:RPD) news was published by Prnewswire.com which published an article titled: “New Tech to Help 2 Billion People Without Bank Accounts” on June 21, 2018.

Rapid7, Inc. provides security data and analytics solutions that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The company has market cap of $1.52 billion. It offers threat exposure management solutions, including Nexpose, which enables clients to assess and remediate their exposure to cyber risk; Metasploit, a penetration testing software solution; and AppSpider, an application security testing solution. It currently has negative earnings. The firm also provides incident detection and response solutions, such as InsightIDR, a cloud based offering for incident detection and response; Managed Detection and Response, a managed service, which provides clients with attacker behavior analytics, machine learning algorithms, and threat intelligence to hunt attackers; and incident response services that provide clients with access to security experts and experience.

Rapid7, Inc. (NASDAQ:RPD) Ratings Chart

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