Rapid7 price target lowered to $18 from $20 at Scotiabank

Scotiabank lowered the firm’s price target on Rapid7 (RPD) to $18 from $20 and keeps a Sector Perform rating on the shares. While the firm “applauds” management’s moves to reaccelerate top-line growth, Scotiabank remains on the sidelines due to its concerns over Rapid7’s exposure to smaller companies and checks showing vulnerability management is not a top concern for customers heading into 2026.