Rapid7 (NASDAQ:RPD) Stock Gets Price Target Increase from Scotiabank

Posted by Brenda Bartman on Nov 7th, 2026

Rapid7 (NASDAQ:RPD – Get Free Report) had its price target boosted by analysts at Scotiabank from $10.15 to $14.50 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the technology company’s stock. Scotiabank‘s target price indicates a potential downside of 1.23% from the stock’s previous close.

Several other research firms have also weighed in on RPD. Robert W. Baird upped their target price on Rapid7 from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 price target on shares of Rapid7 in a research note on Tuesday, August 11th. Barclays boosted their price objective on shares of Rapid7 from $12.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday. Mizuho increased their price objective on shares of Rapid7 from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, October 15th. Finally, Susquehanna raised their target price on shares of Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $13.97.

View Our Latest Analysis on Rapid7

Rapid7 Price Performance

RPD traded down $0.76 on Thursday, hitting $14.68. 2,032,307 shares of the company were exchanged, compared to its average volume of 2,045,676. Rapid7 has a fifty-two week low of $4.97 and a fifty-two week high of $18.56. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $989.43 million, a P/E ratio of 69.91 and a beta of 0.90. The business’s fifty day moving average is $13.16 and its 200 day moving average is $9.57.

Rapid7 (NASDAQ:RPD – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. The company had revenue of $212.40 million during the quarter, compared to the consensus estimate of $209.05 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. As a group, sell-side analysts anticipate that Rapid7 will post 0.79 EPS for the current year.

Hedge Funds Weigh In On Rapid7

A number of institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP boosted its stake in shares of Rapid7 by 776.1% during the first quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock valued at $1,435,000 after acquiring an additional 230,641 shares during the last quarter. Renaissance Technologies LLC boosted its position in Rapid7 by 535.0% during the first quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company’s stock worth $822,000 after acquiring an additional 125,700 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Rapid7 in the 3rd quarter worth approximately $1,361,000. Public Employees Retirement System of Ohio purchased a new stake in Rapid7 in the 2nd quarter worth approximately $393,000. Finally, Bank of New York Mellon Corp acquired a new position in Rapid7 in the 2nd quarter valued at $3,844,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Rapid7 News Summary

Here are the key news stories impacting Rapid7 this week:

Positive Sentiment: Rapid7 reported Q3 earnings of $0.60 per share, above consensus estimates of about $0.45–$0.46, and revenue of $212.4 million, also ahead of expectations. The earnings beat is a positive signal, although revenue was down 2.5% year over year. Rapid7 Q3 earnings
Positive Sentiment: Several analysts raised their price targets after the results. Piper Sandler lifted its target to $20 and UBS to $19, while Susquehanna and Citigroup raised theirs to $16. These revisions suggest improved potential upside, though the firms kept neutral ratings. Read More., Read More., Read More., Read More.
Neutral Sentiment: Other target increases were more modest: Truist raised its target to $15 and RBC to $16, while Scotiabank moved to $14.50. The accompanying hold or sector-perform ratings indicate analysts remain cautious despite the higher targets. Truist price target
Negative Sentiment: Barclays raised its target to $14 but maintained an underweight rating, and Scotiabank’s $14.50 target is slightly below the cited $14.68 share price. These calls temper the bullish impact of the broader target revisions. Read More., Read More.

Rapid7 Company Profile

(Get Free Report)

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that provides technology and services to help organizations identify, assess and manage security risk across their IT environments. Its offerings are designed to support security operations, vulnerability management, cloud security, application security and incident response.

The company’s product portfolio includes the Insight platform and solutions such as InsightVM for vulnerability risk management, InsightIDR for security detection and response, InsightCloudSec for cloud security and compliance, and InsightAppSec for application security testing.