Citi Lowers its Price Target on Rapid7 (RPD) to $7

Rapid7, Inc. (NASDAQ:RPD) is one of the 10 Beaten Down Stocks Insiders Are Piling Into.

On March 24, 2026, Citi lowered the price target on Rapid7, Inc. (NASDAQ:RPD) to $7 from $11.50 and maintained a Neutral rating. Citi said discussions with the company’s investor relations team ahead of the quiet period led to a more cautious view on the Q1 and FY26 outlook, citing ongoing go-to-market changes, execution risks, and parts of the business experiencing continued churn, along with limited near-term catalysts.

On March 17, 2026, Rapid7, Inc. (NASDAQ:RPD) announced updates to its 2026 PACT Partner Program aimed at strengthening alignment with its partner ecosystem and supporting growth through the channel. The company said the updates include new partner tier differentiation, simplified deal structures, and improved program economics to enhance collaboration, particularly as demand grows for AI-integrated cybersecurity solutions and partner-led implementation.

Citi Lowers its Price Target on Rapid7 (RPD) to $7

Last month, Rapid7, Inc. (NASDAQ:RPD) reported Q4 non-GAAP EPS of 44c, above the 42c consensus estimate, with revenue of $217M compared to the $215.17M consensus. CEO Corey Thomas said the company delivered “outperformance” against guidance and highlighted continued traction in its AI-driven security operations approach, while focusing on execution and innovation entering 2026.

Rapid7, Inc. (NASDAQ:RPD) provides cybersecurity software and services.

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