Rapid7 (RPD) PT Raised to $12 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on Rapid7 (NASDAQ: RPD) to $12.00 (from $11.00) while maintaining a Sector Perform rating.

The analyst commented: "Rapid7 delivered a good quarter vs. expectations while CY/27 guidance was narrowed with the midpoint moving slightly higher. The call offered initial thoughts from new CEO Wael Mohamed and was accompanied by a restructuring effort that included a 12% RIF. Savings will be reallocated around the core portfolio and this results in a 20% operating margin in Q4/26. We'll watch for the sustainability of improved margin profile, but like the initial actions. Maintain SP rating and increase PT to $12 as we watch for improved execution and growth."

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