Rapid7 price target lowered to $6 from $8 at Truist

Truist analyst Junaid Siddiqui lowered the firm’s price target on Rapid7 (RPD) to $6 from $8 and keeps a Hold rating on the shares as part of a broader research note previewing Q1 results in Cybersecurity Software. The firm expects solid Q1 prints, though guidance is likely to remain conservative amid uncertainty around the evolution of frontier models and their expanding role within the security stack, the analyst tells investors in a research note. Demand trends remain stable, supported by ongoing Security & AI initiatives, but software equities remain under pressure despite resilient fundamentals, the firm added.