Rapid7, Inc. (NASDAQ:RPD) is a cybersecurity company that provides analytics and automation solutions to help organizations manage and reduce risk. The company offers a range of products and services, including vulnerability management, incident detection, and response. Rapid7 competes with other cybersecurity firms like Palo Alto Networks and CrowdStrike.
On August 11, 2025, Scotiabank adjusted its rating for Rapid7 to "Sector Perform," maintaining a "hold" action. At that time, the stock was priced at approximately $17.97. Scotiabank also lowered its price target for Rapid7 from $29 to $20, reflecting a more cautious outlook on the stock's future performance.
Rapid7's stock has seen a significant decline, dropping 22.3% over the past four weeks. Despite this, the stock is now considered technically oversold, suggesting that the intense selling pressure may be easing. The Relative Strength Index (RSI), a technical indicator, supports this view by indicating that the stock is in oversold territory, which often precedes a price rebound.
The stock is currently priced at $18.43, showing an increase of 3.08% or $0.55. During the day, it fluctuated between a low of $17.90 and a high of $18.43. Over the past year, Rapid7's stock has reached a high of $44.48 and a low of $17.83. The company's market capitalization stands at approximately $1.18 billion, with a trading volume of 620,161 shares.
Wall Street analysts have a strong consensus to revise earnings estimates upward for Rapid7, indicating a potential trend reversal in the near future. This positive outlook, combined with the stock's current technical indicators, suggests that Rapid7 may be poised for a recovery.
