Rapid7 (NASDAQ:RPD) Price Target Lowered to $7.00 at Canaccord Genuity Group

Rapid7 (NASDAQ:RPD) had its target price decreased by equities researchers at Canaccord Genuity Group from $10.00 to $7.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Canaccord Genuity Group’s target price would indicate a potential upside of 6.54% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Stephens reduced their target price on shares of Rapid7 from $19.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Truist Financial lowered their target price 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. Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research note on Friday, March 27th. Jefferies Financial Group set a $9.00 price objective on shares of Rapid7 in a research note on Wednesday, February 11th. Finally, Scotiabank decreased their price target on shares of Rapid7 from $9.00 to $7.00 and set a “sector perform” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $9.47.

Rapid7 Stock Down 1.6%

Shares of NASDAQ RPD traded down $0.11 during trading hours on Wednesday, hitting $6.57. 3,492,587 shares of the stock were exchanged, compared to its average volume of 1,966,445. The company has a market cap of $438.68 million, a PE ratio of 18.25 and a beta of 0.89. Rapid7 has a 12 month low of $4.97 and a 12 month high of $27.10. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.77. The firm has a fifty day moving average price of $6.02 and a 200-day moving average price of $11.32.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. Rapid7 had a net margin of 2.72% and a return on equity of 47.33%. The business had revenue of $209.69 million for the quarter, compared to the consensus estimate of $207.95 million. During the same period in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. On average, sell-side analysts expect that Rapid7 will post 0.55 EPS for the current year.

Institutional Trading of Rapid7

Institutional investors and hedge funds have recently bought and sold shares of the business. JANA Partners Management LP boosted its holdings in Rapid7 by 13.5% in the 3rd 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 period. LSV Asset Management acquired a new stake in shares of Rapid7 during the 3rd quarter valued at approximately $14,719,000. Vanguard Group Inc. raised its position in shares of Rapid7 by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock valued at $161,630,000 after acquiring an additional 595,916 shares in the last quarter. Teacher Retirement System of Texas increased its position in Rapid7 by 91.1% in the third quarter. Teacher Retirement System of Texas now owns 105,064 shares of the technology company’s stock worth $1,970,000 after buying an additional 50,083 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its position in Rapid7 by 407.7% in the third quarter. Campbell & CO Investment Adviser LLC now owns 69,883 shares of the technology company’s stock worth $1,310,000 after buying an additional 56,119 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Key Stories Impacting Rapid7

Here are the key news stories impacting Rapid7 this week:

• Positive Sentiment: Q1 results beat estimates: Rapid7 reported $209.7M in revenue (vs. ~$207.9M consensus) and $0.36 EPS (vs. $0.30 consensus), showing a near-term beat that underpins valuation support. Read More.
• Positive Sentiment: Raised forward EPS targets: Management set Q2 FY2026 EPS at $0.330–0.360 (above the prior consensus of $0.320) and FY2026 EPS at $1.520–1.600 (well above prior consensus), which improves near-term earnings visibility. Read More.
• Positive Sentiment: Healthy cash generation and ARR: ARR was $832M; operating cash flow was $40M and free cash flow $33M for the quarter, and non‑GAAP operating income was $24M — signs of improving cash conversion. Read More.
• Neutral Sentiment: Revenue guidance roughly in line with Street: Management’s FY revenue range ($836M–$842M) sits close to consensus (~$838.7M), so revenue guidance is not a clear positive surprise. Read More.
• Neutral Sentiment: Management commentary and details available — read the earnings call transcript for execution color and product/customer trends. Read More. • Read More.
• Negative Sentiment: Underlying growth softness and EPS decline YoY: Revenue was down ~0.3% year-over-year and EPS fell from $0.49 a year ago to $0.36, raising questions about sustained growth momentum. Read More.
• Negative Sentiment: GAAP loss and leverage: The company reported a small GAAP operating loss and carries high reported debt-to-equity (background metrics), which may temper risk appetite among some investors. Read More.

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.