Rapid7 downgraded to Neutral from Buy at UBS

UBS downgraded Rapid7 (RPD) to Neutral from Buy with a price target of $9, down from $25. Rapid7 posted a “disappointing” Q4 report and “cautious” guidance for CY26, which includes a forecast for revenue to decline 2% year over year, the analyst tells investors in a research note. While the guidance appears conservative, UBS is incrementally concerned with the deceleration of the Detection and Response business, which has historically been the bright spot.