Rapid7 Analysts Boost Their Forecasts Following Better-Than-Expected Q2 Earnings

Rapid7 Inc (NASDAQ: RPD ) on Monday posted upbeat earnings for the second quarter.

The company reported quarterly earnings of 44 cents per share which beat the analyst consensus estimate of 35 cents per share.

The company reported quarterly sales of $210.883 million which beat the analyst consensus estimate of $208.248 million.

Rapid7 raised its FY2026 adjusted EPS guidance from $1.52-$1.60 to $1.78-$1.83.

The company narrowed sales guidance from $836.000 million-$842.000 million to $837.000 million-$841.000 million. “Rapid7 is a good company ready to be great, but getting there requires clear choices, strong execution, and the discipline to focus on what matters most,” said Wael Mohamed, CEO of Rapid7. “Since stepping into this role, I’ve been listening closely to our customers, our people, and our partners, and the message is consistent: they want us to go deeper in Detection and Response and Exposure Management, not wider.

The steps we’re taking align our resources and investment behind our core platform and the AI foundation that connects it, giving us more capacity to invest, innovate, and serve our customers well.” Rapid7 shares gained 16.4% to trade at $13.51 on Tuesday.

These analysts made changes to their price targets on Rapid7 following earnings announcement.

Baird analyst Shrenik Kothari maintained the stock with a Neutral and raised the price target from $8 to $10.

Piper Sandler analyst Rob Owens maintained the stock with a Neutral and raised the price target from $8 to $12.

Stephens & Co. analyst Todd Weller maintained the stock with an Equal-Weight rating and boosted the price target from $10 to $12.

Considering buying RPD stock? Here’s what analysts think: Photo via Shutterstock