Rapid7, Inc.
No enriched coverage for $RPD in the last 7 days.
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Rapid7 (RPD) reported strong Q1 2026 results, exceeding EPS forecasts by 20% with $0.36 and revenue expectations with $210 million. Despite this, the stock declined 9.49% in premarket trading. The company's core platform solutions, especially Detection and Response, performed well, while non-core offerings saw declines.
Rapid7 has joined OpenAI's Trusted Access for Cyber programme to enhance its cybersecurity defense capabilities. This collaboration aims to accelerate the shift from reactive to preemptive security by leveraging advanced AI across internal software security, vulnerability research, and red-team operations. Rapid7 emphasizes that AI will augment human expertise, enabling security teams to operate at machine speed and effectively address increasing threats.
Morgan Stanley has adjusted its price target for cybersecurity company Rapid7 (RPD) to $9 from $10, while maintaining an "Equalweight" rating on the stock. This adjustment reflects a moderated outlook, despite Rapid7's continued efforts in leveraging AI for security operations and recent acquisition of Kenzo Security to enhance its preemptive security capabilities. The company provides a range of solutions including Managed Detection and Response (MDR) and Managed Vulnerability Management (MVM) to over 11,000 customers globally.
