由于贝尔德在下半场消除了对“脆弱性”的担忧，Rapid 7下跌

2024-08-03 02:03

Rapid7 (NASDAQ:RPD) shares fell more than 3% on Friday due in part to a broader market sell-off and a downgrade from investment firm Baird on worries over "vulnerability" in the second half of the year.
After Tenable (TENB) highlighted elongated sales cycles, tighter budget constraints and concerns from North American enterprises over vulnerability management deal slippage, that could hit Rapid7 as well, given it has a higher focus on North America than Tenable, analyst Shrenik Kothari said.
For several quarters, we have been detecting pressure in the [vulnerability management] market from our channel checks," Kothari wrote in an investor note. "Conversations with channel partners indicate that traditional vulnerability management capabilities are becoming largely commoditized, increasingly offered by larger vendors focused on platform consolidation. Traditional [vulnerability management] is RPD's core market, and with still relatively limited penetration into adjacent, higher-growth markets, the company is likely to continue facing top-line pressure."
Kothari lowered his rating on Rapid7 to Neutral from Outperform and cut his price target to $45 from $56.
Analysts are largely bullish on Rapid7 (RPD). It has a HOLD rating from Seeking Alpha authors, while Wall Street analysts rate it a BUY. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates RPD a HOLD.

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