Rapid7 - RPD Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rapid7 in the last year. There are currently 13 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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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19 Wall Street analysts have issued 12 month price targets for Rapid7's shares. Their RPD share price forecasts range from $34.00 to $130.00. On average, they predict the company's stock price to reach $61.89 in the next twelve months. This suggests a possible upside of 53.6% 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 stock has increased by 18.6% and is now trading at $40.29.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our RPD earnings forecast.

Rapid7, Inc. (NASDAQ:RPD) released its quarterly earnings results on Wednesday, February, 8th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.19. The technology company earned $184.48 million during the quarter, compared to analysts' expectations of $179.33 million.

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

Rapid7 issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share (EPS) guidance of $0.07-$0.10 for the period, compared to the consensus earnings per share estimate of $0.07. The company issued revenue guidance of $180.00 million-$182.00 million, compared to the consensus revenue estimate of $185.70 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 initial public offering on Friday, July 17th 2015. The company issued 6,500,000 shares at a price of $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 variety of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (3.98%), Alyeska Investment Group L.P. (3.78%), Mirae Asset Global Investments Co. Ltd. (2.26%), Macquarie Group Ltd. (2.14%), GW&K Investment Management LLC (1.96%) and Geode Capital Management LLC (1.87%). 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.
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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 $40.29.

Rapid7 (NASDAQ:RPD) has a market capitalization of $2.42 billion and generates $685.08 million in revenue each year. The technology company earns $-124,720,000.00 in net income (profit) each year or ($2.14) 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.