JPMorgan Chase & Co. Issues Pessimistic Forecast for Rapid7 (NASDAQ:RPD) Stock Price

Rapid7 (NASDAQ:RPD) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $11.00 to $7.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.27% from the company’s current price.

A number of other research analysts also recently commented on RPD. DA Davidson reduced their target price on Rapid7 from $14.00 to $6.50 and set an “underperform” rating on the stock in a report on Wednesday, February 11th. Wall Street Zen downgraded Rapid7 from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. Citigroup cut their target price on shares of Rapid7 from $15.00 to $11.50 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Raymond James Financial set a $8.00 target price on shares of Rapid7 in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $8.00 target price on shares of Rapid7 in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $8.71.

Rapid7 Stock Down 9.6%

Shares of Rapid7 stock traded down $0.67 during trading hours on Monday, hitting $6.24. 1,454,672 shares of the company’s stock traded hands, compared to its average volume of 1,964,531. The stock has a 50 day simple moving average of $6.05 and a 200-day simple moving average of $11.16. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.69. The company has a market cap of $416.69 million, a PE ratio of 17.81 and a beta of 0.89. Rapid7 has a twelve month low of $4.97 and a twelve month high of $27.10.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The firm had revenue of $209.69 million for the quarter, compared to analysts’ expectations of $207.94 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Rapid7’s revenue for the quarter was down .3% compared to the same quarter last year. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Equities research analysts anticipate that Rapid7 will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rapid7

A number of institutional investors have recently added to or reduced their stakes in RPD. JANA Partners Management LP boosted its holdings in Rapid7 by 13.5% in the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after purchasing an additional 772,194 shares during the last quarter. LSV Asset Management acquired a new stake in Rapid7 during the third quarter valued at approximately $14,719,000. Vanguard Group Inc. raised its stake in Rapid7 by 7.4% during the third quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock valued at $161,630,000 after buying an additional 595,916 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Rapid7 by 91.1% during the third quarter. Teacher Retirement System of Texas now owns 105,064 shares of the technology company’s stock valued at $1,970,000 after buying an additional 50,083 shares in the last quarter. Finally, Picton Mahoney Asset Management raised its stake in Rapid7 by 920.7% during the third quarter. Picton Mahoney Asset Management now owns 81,903 shares of the technology company’s stock valued at $1,535,000 after buying an additional 73,879 shares in the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc is a publicly traded cybersecurity company headquartered in Boston, Massachusetts. Since its founding in 2000, the company has specialized in delivering cloud-based security data and analytics solutions designed to help organizations detect, investigate, and remediate cyber threats. Rapid7 operates under the NASDAQ symbol “RPD” and serves a broad range of industries, including technology, financial services, healthcare, retail, and the public sector.

The core of Rapid7’s offering is its Insight platform, a unified, cloud-native security operations and analytics suite.