Stephens Issues Positive Forecast for Rapid7 (NASDAQ:RPD) Stock Price

Key Points

• Stephens raised its Rapid7 price target from $10 to $12 while maintaining an “equal weight” rating, implying 11.47% downside from the prior close. The consensus view remains cautious, with an average rating of “Reduce” and a $9.79 target.
• Rapid7 exceeded quarterly expectations, reporting adjusted EPS of $0.44 versus the $0.35 consensus and revenue of $210.9 million versus $208.2 million expected. Its third-quarter EPS guidance of $0.44–$0.47 also topped analyst forecasts.
• Institutional investors own 95.66% of Rapid7’s shares, while the company reported approximately $425.6 million in cash and equivalents, supporting ongoing operations and transformation efforts.

Rapid7 (NASDAQ:RPD - Get Free Report) had its price target raised by analysts at Stephens from $10.00 to $12.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the technology company's stock. Stephens' price target would suggest a potential downside of 11.47% from the stock's previous close.

Other research analysts have also issued research reports about the company. Robert W. Baird lifted their target price on Rapid7 from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday. Canaccord Genuity Group dropped their price target on Rapid7 from $10.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, May 6th. Jefferies Financial Group restated a "hold" rating and set a $12.00 price objective on shares of Rapid7 in a research report on Tuesday. Morgan Stanley downgraded Rapid7 from an "equal weight" rating to an "underweight" rating and set a $9.00 price objective for the company. in a research note on Tuesday, July 21st. Finally, William Blair lowered Rapid7 from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $9.79.

Rapid7 Stock Up 16.8%

Shares of NASDAQ:RPD opened at $13.55 on Tuesday. Rapid7 has a 12-month low of $4.97 and a 12-month high of $21.78. The stock's 50-day moving average price is $9.24 and its two-hundred day moving average price is $7.95. The firm has a market cap of $905.88 million, a price-to-earnings ratio of 38.85 and a beta of 0.97. 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 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09. The firm had revenue of $210.88 million during the quarter, compared to the consensus estimate of $208.23 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, research analysts forecast that Rapid7 will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Rapid7

A number of institutional investors and hedge funds have recently modified their holdings of RPD. Parallel Advisors LLC lifted its holdings in shares of Rapid7 by 108.8% during the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company's stock valued at $35,000 after purchasing an additional 3,304 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Rapid7 during the second quarter valued at about $44,000. GAMMA Investing LLC boosted its holdings in shares of Rapid7 by 20.6% in the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company's stock worth $48,000 after buying an additional 1,000 shares during the period. KBC Group NV increased its position in shares of Rapid7 by 124.0% in the fourth quarter. KBC Group NV now owns 3,310 shares of the technology company's stock worth $50,000 after acquiring an additional 1,832 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Rapid7 during the 4th quarter worth approximately $71,000. Institutional investors and hedge funds own 95.66% of the company's stock.

Rapid7 News Summary

Here are the key news stories impacting Rapid7 this week:

• Positive Sentiment: Adjusted earnings beat estimates: Rapid7 reported adjusted EPS of $0.44, above the $0.35 analyst consensus, while revenue of $210.9 million modestly exceeded the $208.2 million estimate. Rapid7 Q2 Earnings Snapshot
• Positive Sentiment: Profit outlook topped expectations: Rapid7 guided for third-quarter adjusted EPS of $0.44-$0.47, well above the $0.38 consensus estimate. The company expects third-quarter revenue of $208 million-$210 million, broadly near analysts’ forecast. Rapid7 Q2 Results
• Positive Sentiment: Balance sheet remains a support: Rapid7 ended the quarter with approximately $425.6 million in cash and equivalents, providing resources to fund operations and its transformation efforts. Rapid7 Announces Second Quarter 2026 Financial Results

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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