Scotiabank Forecasts Rapid7’s FY2026 Earnings (NASDAQ:RPD)

Rapid7, Inc. (NASDAQ:RPD) – Scotiabank boosted their FY2026 EPS estimates for shares of Rapid7 in a note issued to investors on Wednesday, August 19th. Scotiabank analyst P. Colville now expects that the technology company will post earnings of $0.77 per share for the year, up from their prior forecast of $0.67. Scotiabank has a “Sector Perform” rating and a $10.15 price target on the stock. The consensus estimate for Rapid7’s current full-year earnings is $0.74 per share. Scotiabank also issued estimates for Rapid7’s FY2027 earnings at $0.91 EPS.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. The company had revenue of $210.88 million for the quarter, compared to the consensus estimate of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. Rapid7’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS.

Several other equities research analysts also recently weighed in on RPD. Morgan Stanley downgraded shares of Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price target for the company. in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price objective on Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Canaccord Genuity Group increased their target price on Rapid7 from $7.00 to $14.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. DA Davidson lifted their target price on Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, August 11th. Finally, William Blair cut Rapid7 from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $11.98.

Rapid7 Trading Down 0.5%

Shares of NASDAQ RPD opened at $12.13 on Monday. The firm’s 50 day moving average price is $10.36 and its 200-day moving average price is $7.98. Rapid7 has a 52-week low of $4.97 and a 52-week high of $21.26. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $817.56 million, a PE ratio of 39.13 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP boosted its position in Rapid7 by 776.1% in the first quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 230,641 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Rapid7 by 535.0% during the 1st quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company’s stock valued at $822,000 after purchasing an additional 125,700 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Rapid7 by 24.3% in the 1st quarter. Pacer Advisors Inc. now owns 469,912 shares of the technology company’s stock worth $2,589,000 after purchasing an additional 91,905 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Rapid7 in the 1st quarter worth approximately $1,048,000. Finally, Hsbc Holdings PLC lifted its stake in shares of Rapid7 by 274.1% in the 4th quarter. Hsbc Holdings PLC now owns 159,688 shares of the technology company’s stock worth $2,446,000 after purchasing an additional 117,000 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

Rapid7 Company Profile

Rapid7, Inc is a publicly traded cybersecurity company headquartered in Boston, Massachusetts. Since its founding in 2000, the company has specialized in delivering cloud-based security data and analytics solutions designed to help organizations detect, investigate, and remediate cyber threats. Rapid7 operates under the NASDAQ symbol “RPD” and serves a broad range of industries, including technology, financial services, healthcare, retail, and the public sector.

The core of Rapid7’s offering is its Insight platform, a unified, cloud-native security operations and analytics suite.