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Rapid7 (RPD) Stock Forecast & Price Target

$37.51
-0.19 (-0.50%)
(As of 04:00 PM 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

Hold
Based on 16 Analyst Ratings

Consensus Price Target

$51.73
37.92% Upside
High Forecast$65.00
Average Forecast$51.73
Low Forecast$40.00
TypeCurrent Forecast
5/30/23 to 5/29/24
1 Month Ago
4/30/23 to 4/29/24
3 Months Ago
3/1/23 to 2/29/24
1 Year Ago
5/30/22 to 5/30/23
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
6 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
Hold
10 Hold rating(s)
8 Hold rating(s)
7 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$51.73$55.56$56.20$53.06
Forecasted Upside37.92% Upside8.94% Upside9.34% Upside10.15% Upside
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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
2.38
2.59
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside37.22% Upside191.69% Upside10.85% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/13/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$55.00 ➝ $40.00+5.68%
5/10/2024Needham & Company LLC
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 Reiterated RatingHold
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%
5/8/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$70.00 ➝ $57.00+56.46%
5/8/2024Canaccord Genuity Group
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 Lower TargetHold ➝ Hold$60.00 ➝ $52.00+44.56%
5/8/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$56.00 ➝ $45.00+18.11%
5/8/2024Truist Financial
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 Lower TargetHold ➝ Hold$50.00 ➝ $45.00+9.17%
5/8/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$63.00 ➝ $51.00+23.73%
5/8/2024UBS Group
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 Lower TargetBuy ➝ Buy$70.00 ➝ $65.00+57.69%
5/8/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$62.00 ➝ $56.00+22.27%
5/8/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$62.00 ➝ $47.00+2.62%
4/26/2024Scotiabank
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 Initiated CoverageSector Perform$46.00+0.33%
2/8/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$61.00 ➝ $60.00+2.16%
11/7/2023Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$52.00 ➝ $55.00+11.99%
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
5/10/2023DA Davidson
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R. Kessinger
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Lower Target$46.00 ➝ $43.00-2.82%
2/9/2023Raymond James
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 Boost TargetOutperform$50.00 ➝ $55.00+6.86%
10/24/2022KeyCorp
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 Lower TargetOverweight$86.00 ➝ $57.00+30.91%
10/20/2022Berenberg Bank
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 Initiated CoverageBuy ➝ Hold$44.00-2.85%
9/23/2022BTIG Research
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 Initiated CoverageNeutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:39 PM ET.

RPD Frequently Asked Questions

What is Rapid7's stock forecast and purchase recommendation?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Rapid7 is $51.73, with a high forecast of $65.00 and a low forecast of $40.00. The consensus rating for Rapid7 stock is Hold based on the current 10 hold ratings and 6 buy ratings for RPD. 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.

Does Rapid7's stock price have much upside?

According to analysts, Rapid7's stock has a predicted upside of 21.46% based on their 12-month stock forecasts.

What analysts cover Rapid7?

Stock Forecasts and Research Tools

This page (NASDAQ:RPD) was last updated on 5/29/2024 by MarketBeat.com Staff

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