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Rapid7 (RPD) Stock Forecast & Price Target

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$41.83 +0.77 (+1.88%)
(As of 11:28 AM 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

Sell
0
Hold
14
Buy
6

Based on 20 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 20 analysts, 14 have given a hold rating, and 6 have given a buy rating for RPD.

Consensus Price Target

$44.59
6.59% Upside
According to the 20 analysts' twelve-month price targets for Rapid7, the average price target is $44.59. The highest price target for RPD is $52.00, while the lowest price target for RPD is $38.00. The average price target represents a forecasted upside of 6.59% from the current price of $41.83.
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RPD Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
Hold
14 Hold rating(s)
13 Hold rating(s)
12 Hold rating(s)
10 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$44.59$46.35$46.75$52.07
Forecasted Upside6.59% Upside19.87% Upside21.46% Upside0.24% Upside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
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Rapid7 Stock vs. The Competition

TypeRapid7Computer and Technology CompaniesS&P 500
Consensus Rating Score
2.30
2.68
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside8.59% Upside550.18% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent RPD News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/7/2024DA Davidson
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$35.00 ➝ $39.00-6.41%
11/7/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$40.00 ➝ $42.00+0.45%
11/7/2024UBS Group
4 of 5 stars
 Lower TargetBuy ➝ Buy$59.00 ➝ $52.00+22.35%
11/7/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$42.00 ➝ $40.00+0.48%
11/7/2024Truist Financial
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 Lower TargetHold ➝ Hold$40.00 ➝ $38.00-10.44%
10/16/2024Jefferies Financial Group
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 Initiated CoverageBuy$50.00+24.13%
9/20/2024Royal Bank of Canada
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M. Hedberg
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DowngradeOutperform ➝ Sector Perform$50.00 ➝ $40.00+16.45%
8/7/2024Scotiabank
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 Lower TargetSector Perform ➝ Sector Perform$45.00 ➝ $41.00+13.04%
8/7/2024Canaccord Genuity Group
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 UpgradeHold ➝ Buy$52.00 ➝ $43.00+14.91%
8/7/2024Needham & Company LLC
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 Reiterated RatingHold
8/1/2024Baird R W
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S. Kothari
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DowngradeStrong-Buy ➝ Hold
8/1/2024Robert W. Baird
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 DowngradeOutperform ➝ Neutral$56.00 ➝ $45.00+14.39%
7/10/2024Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Equal Weight$46.00 ➝ $46.00+16.07%
6/17/2024KeyCorp
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E. Heath
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UpgradeHold
5/13/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$55.00 ➝ $40.00+5.68%
5/8/2024Citigroup
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 Lower TargetBuy ➝ Buy$65.00 ➝ $52.00+36.84%
5/8/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$60.00 ➝ $49.00+34.50%
5/8/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$63.00 ➝ $51.00+23.73%
5/8/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$62.00 ➝ $47.00+2.62%
11/3/2023Wolfe Research
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 UpgradePeer Perform ➝ Outperform$56.00+18.80%
5/10/2023William Blair
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J. Ho
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Reiterated RatingOutperform
2/9/2023Raymond James
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 Boost TargetOutperform$50.00 ➝ $55.00+6.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:46 AM ET.


RPD Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Rapid7 is $44.59, with a high forecast of $52.00 and a low forecast of $38.00.

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rapid7 in the last year. There are currently 14 hold ratings and 6 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.

According to analysts, Rapid7's stock has a predicted upside of 6.59% based on their 12-month stock forecasts.

Over the previous 90 days, Rapid7's stock had 1 downgrade by analysts.

Rapid7 has been rated by research analysts at DA Davidson, Jefferies Financial Group, JPMorgan Chase & Co., Piper Sandler, Royal Bank of Canada, Truist Financial, and UBS Group in the past 90 days.

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.


This page (NASDAQ:RPD) was last updated on 11/21/2024 by MarketBeat.com Staff
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