Rapid7 price target lowered to $18 from $22 at Truist

Truist lowered the firm’s price target on Rapid7 (RPD) to $18 from $22 and keeps a Hold rating on the shares. The company reported Q3 results ahead of guidance on revenue and operating income, with ARR coming in below consensus, the analyst tells investors in a research note. Rapid7’s D&R is growing mid-teens, but with Exposure Management under pressure and macro uncertainty, the firm remains on the sidelines, Truist added.