Rapid7 price target lowered to $18 from $30 at Susquehanna

Susquehanna lowered the firm’s price target on Rapid7 (RPD) to $18 from $30 and keeps a Neutral rating on the shares. The firm said 2Q results were generally fine, with continued strength in D&R and early traction in Exposure Command, though VM headwinds persist. Given the ongoing macro uncertainty, the company narrowed its FY25 ARR outlook to the lower end of the range.