Brokerages Set Rapid7, Inc. (NASDAQ:RPD) Target Price at $8.71

Rapid7, Inc. (NASDAQ:RPD) has earned a consensus recommendation of “Reduce” from the twenty-two ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $8.7105.

Several equities analysts have recently issued reports on RPD shares. Mizuho decreased their price target on Rapid7 from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Barclays reduced their price objective on Rapid7 from $8.00 to $6.50 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Wall Street Zen cut Rapid7 from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Scotiabank lowered their target price on Rapid7 from $9.00 to $7.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Finally, Piper Sandler lowered their target price on Rapid7 from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Rapid7 by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock valued at $140,961,000 after buying an additional 653,498 shares during the last quarter. JANA Partners Management LP raised its position in shares of Rapid7 by 13.5% during the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after acquiring an additional 772,194 shares during the last quarter. First Trust Advisors LP raised its position in shares of Rapid7 by 48.3% during the fourth quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock worth $35,356,000 after acquiring an additional 758,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Rapid7 by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after acquiring an additional 34,438 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Rapid7 by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock worth $22,236,000 after acquiring an additional 78,448 shares during the period. Institutional investors own 95.66% of the company’s stock.

Rapid7 Price Performance

Rapid7 stock opened at $9.29 on Friday. The company has a market capitalization of $620.85 million, a price-to-earnings ratio of 26.54 and a beta of 1.01. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69. Rapid7 has a 12 month low of $4.97 and a 12 month high of $25.85. The stock’s 50 day moving average is $7.05 and its 200-day moving average is $8.68.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 2.61% and a return on equity of 34.35%. Rapid7’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous 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. Equities research analysts expect that Rapid7 will post 0.63 EPS for the current year.

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.