
Rapid7 (RPD) Stock Forecast & Price Target
Rapid7 (RPD) Analyst Ratings
Bulls say
Rapid7 is a cybersecurity company that offers a comprehensive suite of products in various areas, including vulnerability management, SIEM, XDR, cloud security, and application security. It went public in 2015, and its detection and response business, which makes up the majority of its annual recurring revenue, has seen a steady 7% yearly growth in 1Q. This consistent growth in its core segment is a positive indicator for Rapid7's overall business performance.
Bears say
Rapid7 is facing challenges in stabilizing their ARR due to softness in their non-platform solutions, which is driving sequential declines in new ARR and overall company growth. While recent leadership changes and focus on their MDR offering may prove beneficial, it will take time to see the full impact on the company's financials. Additionally, there are concerns about the lack of visibility into ARR stabilization and future growth, leading to a shift in valuation and lowering of the target price to $7.
This aggregate rating is based on analysts' research of Rapid7 and is not a guaranteed prediction by Public.com or investment advice.
Rapid7 (RPD) Analyst Forecast & Price Prediction
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