Piper Sandler lowered the firm’s price target on Rapid7 (RPD) to $35 from $40 and keeps a Neutral rating on the shares. The firm notes Q4 ended the year on a note of stability, with inline ARR results leading to an inline 2025 ARR guide. The strategy continues to evolve, however, with the company pivoting towards MDR. This pivot will require investments across capacity and product, driving op. margins down about 5pts in 2025 and should yield expected top-line acceleration in 2026, Piper says. The firm is encouraged by a strategy and focus, but expect this will take time to play out.
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Read More on RPD:
- Hold Rating on Rapid7 Amid Mixed Performance and Uncertain Growth Outlook
- Rapid7’s Transitional Phase and Mixed Financial Outlook Lead to Hold Recommendation
- Mixed Outlook for Rapid7: Stability Amid Challenges Leads to Hold Rating
- Rapid7 price target lowered to $44 from $46 at Citi
- Rapid7 price target lowered to $45 from $50 at Jefferies
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