The stock of Rapid7, Inc. (NASDAQ:RPD) reached all time high today, Feb, 8 and still has $48.25 target or 9.00 % above today’s $44.27 share price. This indicates more upside for the $2.09B company. This technical setup was reported by Barchart.com. If the $48.25 PT is reached, the company will be worth $188.37 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.
The stock increased 10.81% or $4.32 during the last trading session, reaching $44.27. About 754,898 shares traded or 35.12% up from the average. Rapid7, Inc. (NASDAQ:RPD) has risen 73.54% since February 8, 2018 and is uptrending. It has outperformed by 73.54% the S&P500.
Analysts await Rapid7, Inc. (NASDAQ:RPD) to report earnings on February, 11. They expect $-0.21 earnings per share, up 27.59 % or $0.08 from last year’s $-0.29 per share. After $-0.20 actual earnings per share reported by Rapid7, Inc. for the previous quarter, Wall Street now forecasts 5.00 % negative EPS growth….
