Piper Sandler analyst Rob Owens lowered the firm’s price target on Rapid7 (RPD) to $16 from $19 and keeps a Neutral rating on the shares. The firm says 2025 proved to be a tough year for its Security & Infrastructure Software coverage, with the average name showing negative performance and only four names outperforming the NASDAQ. Piper is cautiously optimistic for a better year in 2026, with many names entering the year at interesting valuation levels setup well to be longer-term GenAI winners, despite monetization at the software layer not yet occurring at scale.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPD:
- Rapid7 price target lowered to $16 from $19 at RBC Capital
- Rapid7 downgraded to Underweight from Equal Weight at Barclays
- Rapid7 price target lowered to $18 from $20 at Morgan Stanley
- Rapid7 price target lowered to $18 from $19 at Jefferies
- Rapid7, HITRUST announce strategic partnership to automate compliance