Rapid7 (RPD) Stock Forecast & Price Target

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$44.15

+0.35 (+0.80%)

(As of 04/18/2024 ET)

Rapid7 Consensus Analyst Rating 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.

Analysts' Consensus Rating

Hold
Based on 12 Analyst Ratings

Analysts' Consensus Price Target

$56.20
27.29% Upside

High Forecast	$70.00
Average Forecast	$56.20
Low Forecast	$43.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
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	5 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)	12 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$56.20	$56.20	$53.50	$53.80
Predicted Upside	27.29% Upside	9.34% Upside	7.34% Upside	10.48% Upside

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RPD Analyst Ratings 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	2.42	2.58	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	27.29% Upside	112.17% Upside	12.30% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/8/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$61.00 ➝ $60.00	+2.16%
2/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$58.00 ➝ $60.00	+3.84%
2/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$70.00	+26.97%
1/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$53.00 ➝ $70.00	+28.32%
1/9/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$54.00 ➝ $65.00	+22.71%
12/15/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$55.00	-6.57%
11/7/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$52.00 ➝ $55.00	+11.99%
11/3/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$40.00 ➝ $50.00	+6.07%
11/3/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$56.00	+18.80%
10/16/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$52.00 ➝ $55.00	+9.56%
8/24/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$45.00 ➝ $52.00	+9.20%
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	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$55.00 ➝ $52.00	+15.30%
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%
5/10/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$52.00 ➝ $48.00	+8.47%
5/10/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$56.00 ➝ $52.00	+17.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:48 AM ET.

RPD Price Target - Frequently Asked Questions

What is Rapid7's consensus rating and price target?: According to the issued ratings of 12 analysts in the last year, the consensus rating for Rapid7 stock is Hold based on the current 7 hold ratings and 5 buy ratings for RPD. The average twelve-month price prediction for Rapid7 is $56.20 with a high price target of $70.00 and a low price target of $43.00. Learn more on RPD's analyst rating history.
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.
Is Rapid7 being upgraded by Wall Street analysts?: Over the previous 90 days, Rapid7's stock had 1 upgrade by analysts.

Does Rapid7's stock price have much upside?: According to analysts, Rapid7's stock has a predicted upside of 9.34% based on their 12-month stock forecasts.
What analysts cover Rapid7?: Rapid7 has been rated by Barclays, JPMorgan Chase & Co., Royal Bank of Canada, and UBS Group in the past 90 days.

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This page (NASDAQ:RPD) was last updated on 4/19/2024 by MarketBeat.com Staff

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Rapid7 (RPD) Stock Forecast & Price Target

Rapid7 Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

RPD Analyst Ratings By Month

RPD Price Targets by Month

Rapid7 Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

RPD Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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