Rapid7 Inc (NASDAQ:RPD) is one of the best stocks to buy according to Billionaire Barry Rosenstein.
On June 2, Mizuho reaffirmed its Neutral rating on Rapid7 Inc (NASDAQ:RPD) stock with a price target of $8 on the shares. This call followed executive changes at Rapid7 Inc (NASDAQ:RPD). On June 1, Rapid7 named Wael Mohamed as its new CEO, effective immediately. Mohamed replaced Corey Thomas, who stepped down as CEO after nearly 13 years at the helm of the cybersecurity company.
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Wael Mohamed is an insider who has served on Rapid7’s board since 2025. He brings 30 years of industry and operational experience to the job. His past roles include those at Forescout and Trend Micro Group. Mohamed also founded cybersecurity-focused investment firm Global Forward Capital.
As Mohamed stepped up to the top job, the outgoing CEO Thomas transitioned to the executive chairman role.
Mizuho noted that Rapid7 is well-positioned in the security operations market. In a show of confidence in its business model, the company reaffirmed its Q2 and full-year 2026 outlooks despite the executive transition.
For Q2, Rapid7 is expecting revenue in the range of $207 million to $209 million and adjusted EPS in the band of $0.33 and $0.36. For full-year 2026, the company anticipates revenue between $836 million and $842 million, and adjusted EPS between $1.52 and $1.60.
Rapid7 Inc (NASDAQ:RPD) provides AI-powered cybersecurity solutions. It’s a specialist in managed cybersecurity. It helps clients identify weaknesses in the systems before attackers exploit them, and to detect and shut down active attacks in real-time. Moreover, Rapid7 offers professionals a platform to test their defenses through real-time simulation.
While we acknowledge the potential of RPD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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