Analysts at RBC Capital provided their views on Rapid7, Inc. (NASDAQ:RPD) ahead of upcoming Q3 results, expecting the company to post strong earnings (outperforming Street’s revenue/ARR estimates of $134million/$527million) driven by an ongoing benefit of security transformation as a precursor to digital transformation and broad interest and need for automation.

According to the brokerage, the company’s full 2021-year guidance of 33% ARR growth including IntSights, which is significantly above the 20% guidance to start the year, still remains conservative as it continues to see the company well-positioned with several short-term and long-term tailwinds. The analysts increased their price target on the company’s shares to $150 from $138, reiterating their outperform rating.