Rapid7, Inc. (NASDAQ:RPD) Receives $9.39 Average Price Target from Analysts

Rapid7, Inc. (NASDAQ:RPD) has received an average rating of “Reduce” from the twenty-two research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.7105.

A number of brokerages recently issued reports on RPD. Robert W. Baird set a $8.00 target price on shares of Rapid7 in a research report on Wednesday, May 6th. Truist Financial reduced their price target on shares of Rapid7 from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Scotiabank decreased their price objective on shares of Rapid7 from $9.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Mizuho lowered their price objective on shares of Rapid7 from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, Morgan Stanley set a $9.00 target price on Rapid7 in a report on Wednesday, May 6th.

Institutional Trading of Rapid7

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in Rapid7 by 26.8% in the first quarter. Royal Bank of Canada now owns 326,910 shares of the technology company’s stock worth $8,667,000 after acquiring an additional 69,122 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Rapid7 during the 1st quarter valued at about $424,000. Woodline Partners LP boosted its position in shares of Rapid7 by 48.0% during the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock valued at $2,299,000 after purchasing an additional 28,115 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Rapid7 by 8.8% in the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after purchasing an additional 690 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Rapid7 by 27.2% in the 2nd quarter. Invesco Ltd. now owns 62,786 shares of the technology company’s stock worth $1,452,000 after purchasing an additional 13,418 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Stock Up 4.3%

NASDAQ:RPD opened at $6.50 on Friday. The stock has a 50-day simple moving average of $6.05 and a 200 day simple moving average of $10.68. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $434.40 million, a price-to-earnings ratio of 18.57 and a beta of 0.89. Rapid7 has a one year low of $4.97 and a one year high of $25.85.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The company had revenue of $209.69 million during the quarter, compared to analysts’ expectations of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Sell-side analysts predict that Rapid7 will post 0.63 EPS for the current fiscal year.

About Rapid7

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.