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Analysts On Cybersecurity Co. Rapid7: It's 'Skating To Where The Puck Is Going To Be'

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  • Rapid7 Inc (NASDAQ: RPD) shares are down 19 percent since they started trading on July 17 this year.
  • Pacific Crest’s Rob Owens maintained an Overweight rating on the company, with a price target of $28.
  • The company is benefiting from the multiple secular trends in the security segment, Owens believes.

Analyst Rob Owens believes that Rapid7 is one of the fastest growing companies in the securities segment mainly because it has a “differentiated solution in the vulnerability management market.”

The company’s Threat Exposure Management capability mitigates exposures besides providing “contextual awareness and prioritization to reduce an organization’s attack surface,” Owens added.

In the report Pacific Crest noted, “We believe the broader security discussion is shifting from prevention toward incident detection and response, where analytics-based solutions are likely to play a large role.”

Rapid7’s growth is being driven by its broader play around analytics and increased demand for security products. Owens added that the trend is likely to help the company sustain share gains in the near future.

A robust market for Rapid7’s core solutions, stronger attach rates of its analytics capabilities and increased sales productivity are expected to continue boosting the company’s future performance.

Latest Ratings for RPD

DateFirmActionFromTo
Nov 2019MaintainsEqual-Weight
Nov 2019MaintainsStrong Buy
Oct 2019Initiates Coverage OnBuy

View More Analyst Ratings for RPD
View the Latest Analyst Ratings

Posted-In: Pacific Crest Rob OwensAnalyst Color Long Ideas Reiteration Analyst Ratings Trading Ideas

 

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