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Rapid7 downgraded to Underperform from Neutral at DA Davidson

DA Davidson downgraded Rapid7 (RPD) to Underperform from Neutral with a price target of $21, down from $29 after its Q1 results and guidance. The company’s growth is rapidly decelerating towards the low-single-digit range with real risk that growth could turn negative in the not too distant future, the analyst tells investors in a research note. Rapid7 2025 ARR growth guidance was cut from 4%-6% y/y to just +1%-5%, while its free cash flow guidance was cut as well, the firm adds.

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