Scotiabank Has Optimistic Outlook of Rapid7 FY2026 Earnings

Rapid7, Inc. (NASDAQ:RPD) – Scotiabank increased their FY2026 earnings estimates for Rapid7 in a report issued on Wednesday, August 19th. Scotiabank analyst P. Colville now forecasts that the technology company will post earnings of $0.77 per share for the year, up from their previous estimate of $0.67. Scotiabank currently has a “Sector Perform” rating and a $10.15 target price 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.

Several other equities research analysts have also recently issued reports on RPD. Canaccord Genuity Group lifted their target price on Rapid7 from $7.00 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price target on shares of Rapid7 in a research note on Tuesday, August 11th. Royal Bank Of Canada raised their price target on Rapid7 from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Tuesday, August 11th. Wall Street Zen raised Rapid7 from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Rapid7 in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Rapid7 currently has a consensus rating of “Reduce” and an average price target of $11.98.

Rapid7 Stock Up 2.9%

RPD opened at $12.19 on Monday. The firm has a 50-day simple moving average of $10.26 and a two-hundred day simple moving average of $7.97. Rapid7 has a 52 week low of $4.97 and a 52 week high of $21.26. The company has a market capitalization of $821.61 million, a PE ratio of 39.32 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.50.

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

Institutional Investors Weigh In On Rapid7

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Rapid7 in the 2nd quarter valued at approximately $44,000. Parallel Advisors LLC increased its position in shares of Rapid7 by 81.6% during the 4th quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock valued at $46,000 after purchasing an additional 1,364 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Rapid7 during the 4th quarter valued at $71,000. Advisors Asset Management Inc. purchased a new stake in Rapid7 during the 4th quarter valued at $79,000. Finally, Allworth Financial LP bought a new stake in Rapid7 in the second quarter worth $42,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

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.