Robert W. Baird Issues Positive Forecast for Rapid7 (NASDAQ:RPD) Stock Price

Rapid7 (NASDAQ:RPD) had its target price lifted by stock analysts at Robert W. Baird from $8.00 to $10.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price objective would suggest a potential downside of 13.87% from the company’s previous close.

Several other analysts have also recently issued reports on RPD. DA Davidson increased their price target on shares of Rapid7 from $5.25 to $6.50 and gave the stock an “underperform” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. dropped their price objective on Rapid7 from $11.00 to $7.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 target price on shares of Rapid7 in a research note on Tuesday. Canaccord Genuity Group cut their price objective on Rapid7 from $10.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $9.58.

Rapid7 Stock Performance

NASDAQ:RPD opened at $11.61 on Tuesday. Rapid7 has a fifty-two week low of $4.97 and a fifty-two week high of $21.78. 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 50 day moving average price of $9.24 and a 200 day moving average price of $7.95. The stock has a market capitalization of $775.90 million, a P/E ratio of 33.17 and a beta of 0.97.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The company had revenue of $210.88 million for the quarter, compared to analyst estimates of $208.23 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Equities research analysts forecast that Rapid7 will post 0.63 EPS for the current year.

Hedge Funds Weigh In On Rapid7

Hedge funds and other institutional investors have recently modified their holdings of the company. Vise Technologies Inc. acquired a new position in shares of Rapid7 during the second quarter worth $199,000. Pallas Capital Advisors LLC purchased a new stake in Rapid7 during the 2nd quarter worth $283,000. Deutsche Bank AG acquired a new position in Rapid7 in the 2nd quarter worth $1,751,000. Bank of New York Mellon Corp purchased a new position in Rapid7 in the 2nd quarter valued at about $3,844,000. Finally, State of Wyoming acquired a new stake in shares of Rapid7 during the second quarter valued at about $257,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Rapid7

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.