Rapid7, Inc. (RPD) Draws Bullish Attention After Forming Wedge Up Pattern

December 7, 2017 - By Stephen Andrade

The stock of Rapid7, Inc. (RPD) formed an up wedge with $20.03 target or 6.00 % above today’s $18.90 share price. The 7 months wedge indicates low risk for the $829.35M company. If the $20.03 price target is reached, the company will be worth $49.76 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 2.16% or $0.4 during the last trading session, reaching $18.9. About 162,848 shares traded. Rapid7, Inc. (NASDAQ:RPD) has risen 56.77% since December 8, 2016 and is uptrending. It has outperformed by 40.07% the S&P500.

Analysts await Rapid7, Inc. (NASDAQ:RPD) to report earnings on February, 8. They expect $-0.28 EPS, down 27.27 % or $0.06 from last year’s $-0.22 per share. After $-0.27 actual EPS reported by Rapid7, Inc. for the previous quarter, Wall Street now forecasts 3.70 % negative EPS growth.

Rapid7, Inc. (NASDAQ:RPD) Ratings Coverage

Among 13 analysts covering Rapid7 (NASDAQ:RPD), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Rapid7 had 29 analyst reports since August 11, 2015 according to SRatingsIntel. Cowen & Co maintained Rapid7, Inc. (NASDAQ:RPD) on Friday, June 16 with “Buy” rating. KeyBanc Capital Markets maintained Rapid7, Inc. (NASDAQ:RPD) on Thursday, August 31 with “Buy” rating. The firm earned “Buy” rating on Friday, August 26 by Rosenblatt. The firm has “Buy” rating by Northland Capital given on Thursday, October 5. Barclays Capital maintained the shares of RPD in report on Tuesday, August 9 with “Overweight” rating. Morgan Stanley initiated Rapid7, Inc. (NASDAQ:RPD) rating on Tuesday, August 11. Morgan Stanley has “Equal-Weight” rating and $23 target. The rating was upgraded by Barclays Capital to “Overweight” on Friday, October 9. The stock of Rapid7, Inc. (NASDAQ:RPD) earned “Outperform” rating by Raymond James on Tuesday, August 11. The company was upgraded on Tuesday, August 8 by Susquehanna. The firm has “Overweight” rating by Pacific Crest given on Tuesday, August 11.

More important recent Rapid7, Inc. (NASDAQ:RPD) news were published by: Globenewswire.com which released: “Rapid7 to Host Investor & Analyst Day” on December 07, 2017, also Globenewswire.com published article titled: “Rapid7 Named a Visionary in the Gartner Magic Quadrant for Security …”, Streetinsider.com published: “Rapid7, Inc. (RPD) Tops Q3 EPS by 2c, Beats on Revenues; Boosts FY17 EPS …” on November 07, 2017. More interesting news about Rapid7, Inc. (NASDAQ:RPD) was released by: Globenewswire.com and their article: “Rapid7 Announces New, Consolidated Global Headquarters in Boston” with publication date: November 16, 2017.

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