Rapid7 (RPD) Stock Forecast, Price & News

18 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 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.
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18 brokerages have issued 1 year target prices for Rapid7's shares. Their RPD share price forecasts range from $38.00 to $90.00. On average, they expect the company's stock price to reach $53.18 in the next year. This suggests a possible upside of 15.4% from the stock's current price.
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Rapid7's stock was trading at $33.98 at the start of the year. Since then, RPD shares have increased by 35.6% and is now trading at $46.07.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our RPD earnings forecast.

Rapid7, Inc. (NASDAQ:RPD) announced its earnings results on Tuesday, May, 9th. The technology company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.08. The technology company earned $183.17 million during the quarter, compared to analysts' expectations of $181.34 million.

ETFs with the largest weight of Rapid7 (NASDAQ:RPD) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR), Global X Cybersecurity ETF (BUG), Invesco Dynamic Networking ETF (PXQ), iShares Cybersecurity and Tech ETF (IHAK), SPDR Kensho Future Security ETF (FITE), First Trust Nasdaq Cybersecurity ETF (CIBR), ROBO Global Artificial Intelligence ETF (THNQ) and AXS Green Alpha ETF (NXTE).

Rapid7 issued an update on its FY23 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of $0.83-$0.89 for the period, compared to the consensus EPS estimate of $0.84. The company issued revenue guidance of $773-$779 million, compared to the consensus revenue estimate of $774.84 million.

196 employees have rated Rapid7 Chief Executive Officer Corey E. Thomas on Glassdoor.com. Corey E. Thomas has an approval rating of 99% among the company's employees. This puts Corey E. Thomas in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rapid7 investors own include CA (CA), Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Splunk (SPLK), Block (SQ) and Trade Desk (TTD).

(RPD) raised $91 million in an IPO on Friday, July 17th 2015. The company issued 6,500,000 shares at $13.00-$15.00 per share. Morgan Stanley and Barclays acted as the underwriters for the IPO and Pacific Crest Securities, William Blair, Raymond James and Cowen and Company were co-managers.

Rapid7 trades on the NASDAQ under the ticker symbol "RPD."

Rapid7's stock is owned by a number of institutional and retail investors. Top institutional investors include Davidson Kempner Capital Management LP (0.00%), Alyeska Investment Group L.P. (4.50%), First Trust Advisors LP (3.44%), Macquarie Group Ltd. (2.28%), Macquarie Group Ltd. (2.28%) and GW&K Investment Management LLC (2.00%). Insiders that own company stock include Andrew F Burton, Benjamin Holzman, Christina Luconi, Corey E Thomas, Jeffrey Kalowski, Lee David Weiner, Michael J Berry, Peter Kaes, Thomas E Schodorf, Thomas E Schodorf and Timothy M Adams.
View institutional ownership trends.

Shares of RPD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RPD stock can currently be purchased for approximately $46.07.

Rapid7 (NASDAQ:RPD) has a market capitalization of $2.78 billion and generates $710.87 million in revenue each year. The technology company earns $-124,720,000.00 in net income (profit) each year or ($1.79) on an earnings per share basis.

The company employs 2,623 workers across the globe.

Rapid7's mailing address is 120 Causeway Street, Boston MA, 02114. The official website for the company is www.rapid7.com. The technology company can be reached via phone at (617) 247-1717, via email at investors@rapid7.com, or via fax at 617-507-6488.