Rapid7 Inc (NASDAQ: RPD ) on Monday posted upbeat earnings for the second quarter .
The company reported quarterly earnings of 44 cents per share which beat the analyst consensus estimate of 35 cents per share. The company reported quarterly sales of $210.883 million which beat the analyst consensus estimate of $208.248 million.
Rapid7 raised its FY2026 adjusted EPS guidance from $1.52-$1.60 to $1.78-$1.83. The company narrowed sales guidance from $836.000 million-$842.000 million to $837.000 million-$841.000 million.
Rapid7 shares gained 16.4% to trade at $13.51 on Tuesday.
These analysts made changes to their price targets on Rapid7 following earnings announcement.
Baird analyst Shrenik Kothari maintained the stock with a Neutral and raised the price target from $8 to $10. Piper Sandler analyst Rob Owens maintained the stock with a Neutral and raised the price target from $8 to $12. Stephens & Co. analyst Todd Weller maintained the stock with an Equal-Weight rating and boosted the price target from $10 to $12.Considering buying RPD stock? Here’s what analysts think:
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