Rapid7 - RPD Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rapid7 in the last year. There are currently 9 hold ratings and 8 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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17 Wall Street research analysts have issued 1 year price targets for Rapid7's shares. Their RPD share price forecasts range from $40.00 to $130.00. On average, they expect the company's stock price to reach $68.63 in the next twelve months. This suggests a possible upside of 115.5% from the stock's current price.
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Rapid7's stock was trading at $117.69 at the beginning of 2022. Since then, RPD shares have decreased by 72.9% and is now trading at $31.84.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Rapid7, Inc. (NASDAQ:RPD) announced its earnings results on Wednesday, November, 2nd. The technology company reported ($0.39) earnings per share for the quarter, topping analysts' consensus estimates of ($0.45) by $0.06. The technology company earned $175.77 million during the quarter, compared to analysts' expectations of $176.13 million.

Rapid7 updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $0.17-$0.20 for the period, compared to the consensus earnings per share estimate of $0.11. The company issued revenue guidance of $680.00 million-$682.00 million, compared to the consensus revenue estimate of $686.25 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 $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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.19%), First Trust Advisors LP (3.57%), Allspring Global Investments Holdings LLC (2.29%), Federated Hermes Inc. (2.18%), Macquarie Group Ltd. (2.12%) and Massachusetts Financial Services Co. MA (1.86%). 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 $31.84.

Rapid7 (NASDAQ:RPD) has a market capitalization of $1.89 billion and generates $535.40 million in revenue each year. The technology company earns $-146,330,000.00 in net income (profit) each year or ($2.74) on an earnings per share basis.

The company employs 2,353 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.