Rapid7 price target lowered to $40 from $45 at Raymond James

Raymond James lowered the firm’s price target on Rapid7 (RPD) to $40 from $45 and keeps an Outperform rating on the shares. Rapid7’s Q1 results were light on growth, with full year expectations revised lower, the analyst tells investors in a research note. The firm says the 2025 setup is “eerily similar” to previous years that ultimately had guidance lowered after slow starts, but is optimistic that new board influence could catalyze more change over time.