Rapid7 (RPD) Stock Forecast & Price Target

$33.83

-0.41 (-1.20%)

(As of 09/18/2024 ET)

Rapid7 - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 19 Analyst Ratings

Based on 19 Wall Street analysts who have issued ratings for Rapid7 in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 12 have given a hold rating, and 7 have given a buy rating for RPD.

Consensus Price Target

$46.75
38.19% Upside

High Forecast	$59.00
Average Forecast	$46.75
Low Forecast	$39.00

According to the 19 analysts' twelve-month price targets for Rapid7, the average price target is $46.75. The highest price target for RPD is $59.00, while the lowest price target for RPD is $39.00. The average price target represents a forecasted upside of 38.19% from the current price of $33.83.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	11 Hold rating(s)	14 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$46.75	$46.75	$51.73	$50.63
Forecasted Upside	38.19% Upside	21.42% Upside	21.46% Upside	9.61% Upside

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RPD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RPD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rapid7 Stock vs. The Competition

Type	Rapid7	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.37	2.64	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	38.19% Upside	93.57% Upside	7.94% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/7/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Perform ➝ Sector Perform	$45.00 ➝ $41.00	+13.04%
8/7/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$50.00 ➝ $50.00	+36.35%
8/7/2024	UBS Group 4 of 5 stars		Lower Target	Buy ➝ Buy	$65.00 ➝ $59.00	+59.37%
8/7/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$52.00 ➝ $43.00	+14.91%
8/7/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
8/7/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$45.00 ➝ $42.00	+27.20%
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8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$46.00 ➝ $39.00	+11.43%
8/1/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Kothari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$56.00 ➝ $45.00	+14.39%
7/10/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$46.00 ➝ $46.00	+16.07%
6/17/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Heath Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
5/13/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$55.00 ➝ $40.00	+5.68%
5/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$65.00 ➝ $52.00	+36.84%
5/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$60.00 ➝ $49.00	+34.50%
5/8/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$50.00 ➝ $45.00	+9.17%
5/8/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$63.00 ➝ $51.00	+23.73%
5/8/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$62.00 ➝ $47.00	+2.62%
11/3/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$56.00	+18.80%
5/10/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
5/10/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Kessinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$46.00 ➝ $43.00	-2.82%
2/9/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$50.00 ➝ $55.00	+6.86%
10/20/2022	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Hold	$44.00	-2.85%
9/23/2022	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:31 AM ET.

RPD Forecast - Frequently Asked Questions

What is Rapid7's forecast for 2024?: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Rapid7 is $46.75, with a high forecast of $59.00 and a low forecast of $39.00.
Should I buy or sell Rapid7 stock right now?: 19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rapid7 in the last year. There are currently 12 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RPD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RPD, but not buy additional shares or sell existing shares.
Does Rapid7's stock price have much upside?: According to analysts, Rapid7's stock has a predicted upside of 21.42% based on their 12-month stock forecasts.
Has Rapid7 been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Rapid7's stock had 2 upgrades and 2 downgrades by analysts.
What analysts cover Rapid7?: Rapid7 has been rated by research analysts at Baird R W, Canaccord Genuity Group, Canaccord Genuity Group, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Scotiabank, and UBS Group in the past 90 days.
Do Wall Street analysts like Rapid7 more than its competitors?: Analysts like Rapid7 less than other "computer and technology" companies. The consensus rating for Rapid7 is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how RPD compares to other companies.