RBC Capital analyst Matthew Hedberg raised the firm’s price target on Rapid7 (RPD) to $27 from $25 and keeps a Sector Perform rating on the shares. The company delivered mixed results, with annual recurring revenue missing expectations and 2025 annual recurring revenue, revenue, and free cash flow guidance coming down, the analyst tells investors in a research note. Rapid7 management also noted macro pressures and a cautious spending environment, particularly in U.S. mid-market, the firm added.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 $40 from $45 at Raymond James
- Rapid7 price target lowered to $29 from $38 at Stifel
- Rapid7 price target raised to $28 from $26 at Baird
- Rapid7 price target lowered to $30 from $35 at Piper Sandler
- Strategic Repositioning and Strong Demand Support Buy Rating for Rapid7 Amid Market Challenges