On May 13, 2025, Rapid7 (RPD, Financial) experienced a notable shift in its stock assessment following an analyst update. DA Davidson, represented by analyst Rudy Kessinger, downgraded the cybersecurity firm from a "Neutral" rating to "Underperform".
In conjunction with the downgrade, DA Davidson also adjusted its price target for Rapid7 (RPD, Financial). The price target has been lowered from the previous mark of $29.00 to a new target of $21.00. This represents a significant decrease of approximately 27.59% in the projected value of the stock.
The adjustments reflect DA Davidson's revised outlook on Rapid7 (RPD, Financial), as they anticipate a change in the company's performance trajectory. The shift in rating and price target is based on the latest analysis and market conditions surrounding the firm.
Investors and market followers are advised to take note of these changes as they could impact the trading dynamics for Rapid7 (RPD, Financial) going forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Rapid7 Inc (RPD, Financial) is $33.53 with a high estimate of $44.00 and a low estimate of $21.00. The average target implies an upside of 25.41% from the current price of $26.74. More detailed estimate data can be found on the Rapid7 Inc (RPD) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Rapid7 Inc's (RPD, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Rapid7 Inc (RPD, Financial) in one year is $53.33, suggesting a upside of 99.44% from the current price of $26.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Rapid7 Inc (RPD) Summary page.
