Rapid7 (RPD) Stock Forecast, Price Target & Predictions

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RPD Stock Forecast

Rapid7 stock forecast is as follows: an average price target of $69.07 (represents a 62.75% upside from RPD’s last price of $42.44) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

RPD Price Target

The average price target for Rapid7 (RPD) is $69.07 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $145.00 to $35.00. This represents a potential 62.75% upside from RPD's last price of $42.44.

RPD Analyst Ratings

Buy

According to 13 Wall Street analysts, Rapid7's rating consensus is 'Buy'. The analyst rating breakdown for RPD stock is 0 'Strong Buy' (0.00%), 6 'Buy' (46.15%), 6 'Hold' (46.15%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).

Rapid7 Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 07, 2024	Rob Owens	Piper Sandler	$40.00	$39.98	0.05%	-5.75%
Oct 23, 2024	Joel Fishbein	Truist Financial	$40.00	$37.88	5.60%	-5.75%
Oct 16, 2024	Joseph Gallo	Jefferies	$50.00	$40.28	24.13%	17.81%
Oct 01, 2024	Rudy Kessinger	D.A. Davidson	$35.00	$39.15	-10.60%	-17.53%
Sep 20, 2024	Matthew Hedberg	RBC Capital	$40.00	$34.35	16.45%	-5.75%
Aug 07, 2024	Brad Reback	Stifel Nicolaus	$48.00	$36.30	32.23%	13.10%
Aug 07, 2024	Kingsley Crane	Canaccord Genuity	$43.00	$37.51	14.65%	1.32%
Aug 07, 2024	Rob Owens	Piper Sandler	$42.00	$33.02	27.20%	-1.04%
Apr 25, 2024	Patrick Colville	Scotiabank	$46.00	$45.85	0.33%	8.39%
Jan 29, 2024	Roger Boyd	UBS	$70.00	$57.59	21.55%	64.94%

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The latest Rapid7 stock forecast, released on Nov 07, 2024 by Rob Owens from Piper Sandler, set a price target of $40.00, which represents a 0.05% increase from the stock price at the time of the forecast ($39.98), and a -5.75% decrease from RPD last price ($42.44).

Rapid7 Price Target by Period

	1M	3M	12M
# Anlaysts	2	5	10
Avg Price Target	$40.00	$41.00	$45.40
Last Closing Price	$42.44	$42.44	$42.44
Upside/Downside	-5.75%	-3.39%	6.97%

In the current month, the average price target of Rapid7 stock is $40.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -5.75% decrease as opposed to Rapid7's last price of $42.44. This month's average price target is down -2.44% compared to last quarter, and down -11.89% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 16, 2024	Jefferies	-	Buy	Initialise
Sep 20, 2024	RBC Capital	Outperform	Sector Perform	Downgrade
Aug 07, 2024	Canaccord Genuity	-	Buy	Upgrade
Aug 07, 2024	Piper Sandler	Neutral	Neutral	Hold
Jul 09, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Apr 25, 2024	Scotiabank	-	Sector Perform	Initialise
Jan 29, 2024	UBS	-	Buy	Upgrade
Jan 09, 2024	Citigroup	-	Buy	Upgrade
Feb 02, 2023	RBC Capital	Outperform	Outperform	Hold
Oct 23, 2022	Needham	-	Hold	Downgrade

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Rapid7's last stock rating was published by Jefferies on Oct 16, 2024. The company Initialise its RPD rating from "null" to "Buy".

Rapid7 Financial Forecast

Rapid7 Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$205.27M	$198.84M	$190.42M	$183.17M	$184.48M	$175.76M	$167.46M	$157.38M	$151.64M	$139.89M	$126.42M	$117.45M	$113.16M	$105.08M
Avg Forecast	$245.67M	$248.18M	$240.62M	$237.22M	$242.30M	$238.14M	$231.71M	$228.31M	$226.46M	$224.61M	$217.88M	$214.25M	$212.17M	$210.04M	$205.08M	$204.06M	$201.26M	$197.06M	$188.12M	$181.21M	$179.46M	$175.99M	$164.12M	$154.20M	$145.86M	$134.21M	$122.97M	$114.33M	$108.89M	$101.87M
High Forecast	$248.56M	$251.11M	$243.45M	$240.01M	$245.16M	$240.95M	$234.44M	$231.00M	$229.13M	$227.26M	$220.44M	$216.44M	$212.79M	$210.04M	$205.59M	$204.06M	$201.84M	$197.60M	$190.33M	$183.35M	$181.58M	$175.99M	$164.12M	$154.20M	$145.86M	$134.21M	$122.97M	$114.33M	$108.89M	$101.87M
Low Forecast	$243.05M	$245.54M	$238.05M	$234.69M	$239.72M	$235.61M	$229.24M	$225.88M	$224.05M	$222.22M	$215.55M	$210.61M	$211.94M	$210.04M	$204.56M	$204.05M	$200.74M	$196.30M	$186.11M	$179.28M	$177.55M	$175.99M	$164.12M	$154.20M	$145.86M	$134.21M	$122.97M	$114.33M	$108.89M	$101.87M
# Analysts	6	6	6	6	9	9	9	9	5	5	5	12	14	9	5	4	8	18	15	9	10	16	8	10	9	9	13	9	9	10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.02%	1.01%	1.01%	1.01%	1.03%	1.00%	1.02%	1.02%	1.04%	1.04%	1.03%	1.03%	1.04%	1.03%

Rapid7's average Quarter revenue forecast for Mar 24 based on 4 analysts is $204.06M, with a low forecast of $204.05M, and a high forecast of $204.06M. RPD's average Quarter revenue forecast represents a -0.59% decrease compared to the company's last Quarter revenue of $205.27M (Dec 23).

Rapid7 EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	6	6	6	6	9	9	9	9	5	5	5	12	14	9	5	4	8	18	15	9	10	16	8	10	9	9	13	9	9	10
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$10.93M	$17.18M	$-51.66M	$-11.55M	$1.75M	$-14.75M	$-26.59M	$-30.70M	$-31.36M	$-24.79M	$-14.63M	$-17.35M	$-14.22M	$-11.76M
Avg Forecast	$-25.17M	$-25.43M	$-24.65M	$-24.31M	$-24.83M	$-24.40M	$-23.74M	$-23.39M	$-23.20M	$-23.01M	$-22.32M	$-21.95M	$-21.74M	$-21.52M	$-21.01M	$-34.67M	$-20.62M	$-20.19M	$-19.27M	$-31.52M	$-35.50M	$-19.91M	$-18.57M	$-28.65M	$-16.51M	$-15.19M	$-13.92M	$-23.42M	$-12.32M	$-11.53M
High Forecast	$-24.90M	$-25.16M	$-24.39M	$-24.05M	$-24.56M	$-24.14M	$-23.49M	$-23.14M	$-22.96M	$-22.77M	$-22.09M	$-21.58M	$-21.72M	$-21.52M	$-20.96M	$-27.74M	$-20.57M	$-20.11M	$-19.07M	$-25.22M	$-28.40M	$-19.91M	$-18.57M	$-22.92M	$-16.51M	$-15.19M	$-13.92M	$-18.74M	$-12.32M	$-11.53M
Low Forecast	$-25.47M	$-25.73M	$-24.94M	$-24.59M	$-25.12M	$-24.69M	$-24.02M	$-23.67M	$-23.48M	$-23.28M	$-22.59M	$-22.18M	$-21.80M	$-21.52M	$-21.07M	$-41.61M	$-20.68M	$-20.25M	$-19.50M	$-37.82M	$-42.60M	$-19.91M	$-18.57M	$-34.39M	$-16.51M	$-15.19M	$-13.92M	$-28.10M	$-12.32M	$-11.53M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.53%	-0.85%	2.68%	0.37%	-0.05%	0.74%	1.43%	1.07%	1.90%	1.63%	1.05%	0.74%	1.15%	1.02%

4 analysts predict RPD's average Quarter EBITDA for Mar 24 to be $-34.67M, with a high of $-27.74M and a low of $-41.61M. This is -417.16% lower than Rapid7's previous annual EBITDA (Dec 23) of $10.93M.

Rapid7 Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	6	6	6	6	9	9	9	9	5	5	5	12	14	9	5	4	8	18	15	9	10	16	8	10	9	9	13	9	9	10
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$20.05M	$-76.61M	$-66.78M	$-25.91M	$-11.38M	$-28.73M	$-39.61M	$-45.00M	$-44.63M	$-37.70M	$-34.16M	$-29.84M	$-28.92M	$-25.54M
Avg Forecast	$35.25M	$43.55M	$40.29M	$41.66M	$49.21M	$48.54M	$45.34M	$44.72M	$44.67M	$46.12M	$41.85M	$41.18M	$37.04M	$38.56M	$39.64M	$-50.82M	$35.47M	$31.36M	$8.06M	$-46.20M	$-50.51M	$4.10M	$-3.03M	$-42.00M	$-13.07M	$-5.20M	$1.98M	$-40.29M	$-5.71M	$-3.26M
High Forecast	$35.79M	$44.22M	$40.90M	$42.30M	$49.96M	$49.28M	$46.04M	$45.40M	$45.35M	$46.83M	$42.49M	$44.85M	$37.78M	$38.59M	$40.26M	$-40.66M	$36.21M	$32.85M	$8.18M	$-36.96M	$-40.41M	$4.10M	$-3.03M	$-33.60M	$-13.07M	$-5.20M	$1.98M	$-32.23M	$-5.71M	$-3.26M
Low Forecast	$34.76M	$42.95M	$39.73M	$41.08M	$48.53M	$47.87M	$44.71M	$44.10M	$44.05M	$45.48M	$41.27M	$38.24M	$36.52M	$38.54M	$39.01M	$-60.98M	$34.73M	$30.61M	$7.95M	$-55.44M	$-60.61M	$4.10M	$-3.03M	$-50.40M	$-13.07M	$-5.20M	$1.98M	$-48.35M	$-5.71M	$-3.26M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.57%	-2.44%	-8.29%	0.56%	0.23%	-7.00%	13.05%	1.07%	3.41%	7.25%	-17.25%	0.74%	5.06%	7.83%

Rapid7's average Quarter net income forecast for Mar 24 is $-50.82M, with a range of $-60.98M to $-40.66M. RPD's average Quarter net income forecast represents a -353.49% decrease compared to the company's last Quarter net income of $20.05M (Dec 23).

Rapid7 SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	6	6	6	6	9	9	9	9	5	5	5	12	14	9	5	4	8	18	15	9	10	16	8	10	9	9	13	9	9	10
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$92.63M	$93.56M	$105.92M	$104.79M	$100.26M	$96.53M	$98.92M	$96.66M	$93.95M	$86.86M	$73.73M	$71.20M	$70.36M	$63.45M
Avg Forecast	$144.04M	$145.51M	$141.08M	$139.08M	$142.07M	$139.63M	$135.85M	$133.86M	$132.78M	$131.69M	$127.74M	$125.62M	$124.40M	$123.15M	$120.24M	$109.16M	$118.00M	$115.54M	$110.30M	$99.24M	$106.34M	$103.19M	$96.22M	$90.22M	$85.52M	$78.69M	$72.10M	$96.12M	$63.84M	$59.73M
High Forecast	$145.74M	$147.23M	$142.74M	$140.72M	$143.74M	$141.27M	$137.45M	$135.44M	$134.34M	$133.24M	$129.25M	$126.90M	$124.76M	$123.15M	$120.54M	$131.00M	$118.34M	$115.85M	$111.59M	$119.09M	$127.61M	$103.19M	$96.22M	$108.26M	$85.52M	$78.69M	$72.10M	$115.34M	$63.84M	$59.73M
Low Forecast	$142.50M	$143.96M	$139.58M	$137.60M	$140.55M	$138.14M	$134.40M	$132.43M	$131.36M	$130.29M	$126.38M	$123.48M	$124.26M	$123.15M	$119.94M	$87.33M	$117.70M	$115.09M	$109.12M	$79.39M	$85.07M	$103.19M	$96.22M	$72.17M	$85.52M	$78.69M	$72.10M	$76.89M	$63.84M	$59.73M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.78%	0.81%	0.96%	1.06%	0.94%	0.94%	1.03%	1.07%	1.10%	1.10%	1.02%	0.74%	1.10%	1.06%

Rapid7's average Quarter SG&A projection for Mar 24 is $109.16M, based on 4 Wall Street analysts, with a range of $87.33M to $131.00M. The forecast indicates a 17.85% rise compared to RPD last annual SG&A of $92.63M (Dec 23).

Rapid7 EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	6	6	6	6	9	9	9	9	5	5	5	12	14	9	5	4	8	18	15	9	10	16	8	10	9	9	13	9	9	10
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.27	$-1.25	$-1.10	$-0.43	$-0.19	$-0.49	$-0.68	$-0.78	$-0.79	$-0.67	$-0.62	$-0.56	$-0.56	$-0.50
Avg Forecast	$0.47	$0.58	$0.54	$0.56	$0.66	$0.65	$0.61	$0.60	$0.60	$0.62	$0.56	$0.55	$0.50	$0.52	$0.53	$0.54	$0.48	$0.42	$0.11	$0.09	$0.18	$0.06	$-0.04	$-0.16	$-0.18	$-0.07	$0.03	$-0.06	$-0.08	$-0.04
High Forecast	$0.48	$0.59	$0.55	$0.57	$0.67	$0.66	$0.62	$0.61	$0.61	$0.63	$0.57	$0.60	$0.51	$0.52	$0.54	$0.54	$0.49	$0.44	$0.11	$0.09	$0.18	$0.06	$-0.04	$-0.16	$-0.18	$-0.07	$0.03	$-0.06	$-0.08	$-0.04
Low Forecast	$0.47	$0.58	$0.53	$0.55	$0.65	$0.64	$0.60	$0.59	$0.59	$0.61	$0.55	$0.51	$0.49	$0.52	$0.52	$0.54	$0.47	$0.41	$0.11	$0.08	$0.18	$0.06	$-0.04	$-0.16	$-0.18	$-0.07	$0.03	$-0.06	$-0.08	$-0.04
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.57%	-2.97%	-10.17%	-4.99%	-1.06%	-8.87%	16.64%	5.00%	4.49%	9.57%	-23.25%	8.91%	7.28%	11.39%

According to 4 Wall Street analysts, Rapid7's projected average Quarter EPS for Mar 24 is $0.54, with a low estimate of $0.54 and a high estimate of $0.54. This represents a 99.26% increase compared to RPD previous annual EPS of $0.27 (Dec 23).

Rapid7 Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
PAGS	PagSeguro Digital	$7.51	$16.81	123.83%	Buy
DAVA	Endava	$28.48	$56.30	97.68%	Buy
PATH	UiPath	$13.68	$25.43	85.89%	Hold
VRNT	Verint Systems	$23.84	$44.29	85.78%	Buy
RPD	Rapid7	$42.44	$69.07	62.75%	Buy
OKTA	Okta	$75.45	$116.97	55.03%	Hold
TENB	Tenable	$41.85	$58.25	39.19%	Buy
SPSC	SPS Commerce	$186.32	$215.40	15.61%	Buy
ZS	Zscaler	$207.30	$233.41	12.60%	Buy
VRNS	Varonis Systems	$50.20	$53.35	6.27%	Buy
VMW	VMware	$142.48	$149.13	4.67%	Hold
QLYS	Qualys	$150.18	$147.00	-2.12%	Buy
CSGS	CSG Systems	$55.20	$52.00	-5.80%	Buy
FFIV	F5	$244.29	$224.44	-8.13%	Hold
NET	Cloudflare	$104.24	$95.45	-8.43%	Hold
CRWD	CrowdStrike	$357.55	$321.14	-10.18%	Buy
NTNX	Nutanix	$70.94	$63.23	-10.87%	Buy
CHKP	Check Point Software	$181.99	$160.08	-12.04%	Buy
CYBR	CyberArk Software	$329.15	$262.56	-20.23%	Buy

RPD Forecast FAQ

Is Rapid7 a good buy?

Yes, according to 13 Wall Street analysts, Rapid7 (RPD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 46.15% of RPD's total ratings.

What is RPD's price target?

Rapid7 (RPD) average price target is $69.07 with a range of $35 to $145, implying a 62.75% from its last price of $42.44. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Rapid7 stock go up soon?

According to Wall Street analysts' prediction for RPD stock, the company can go up by 62.75% (from the last price of $42.44 to the average price target of $69.07), up by 241.66% based on the highest stock price target, and down by -17.53% based on the lowest stock price target.

Can Rapid7 stock reach $60?

RPD's average twelve months analyst stock price target of $69.07 supports the claim that Rapid7 can reach $60 in the near future.

What is Rapid7's current price target trend?

2 Wall Street analysts forecast a $40 price target for Rapid7 (RPD) this month, down -5.75% from its last price of $42.44. Compared to the last 3 and 12 months, the average price target decreased by -3.39% and increased by 6.97%, respectively.

What are Rapid7's analysts' financial forecasts?

Rapid7's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $940.46M (high $951.54M, low $930.44M), average EBITDA is $-96.361M (high $-95.334M, low $-97.496M), average net income is $187.81M (high $190.68M, low $185.2M), average SG&A $551.41M (high $557.91M, low $545.53M), and average EPS is $2.52 (high $2.56, low $2.48). RPD's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $971.69M (high $983.13M, low $961.33M), average EBITDA is $-99.56M (high $-98.499M, low $-101M), average net income is $160.75M (high $163.21M, low $158.52M), average SG&A $569.72M (high $576.43M, low $563.64M), and average EPS is $2.16 (high $2.19, low $2.13).

Did the RPD's actual financial results beat the analysts' financial forecasts?

Based on Rapid7's last annual report (Dec 2023), the company's revenue was $777.71M, beating the average analysts forecast of $767.64M by 1.31%. Apple's EBITDA was $-80.733M, missing the average prediction of $-91.606M by -11.87%. The company's net income was $-149M, missing the average estimation of $28.69M by -620.21%. Apple's SG&A was $396.91M, missing the average forecast of $443.07M by -10.42%. Lastly, the company's EPS was $-2.46, missing the average prediction of $1.09 by -325.51%. In terms of the last quarterly report (Dec 2023), Rapid7's revenue was $205.27M, beating the average analysts' forecast of $201.26M by 1.99%. The company's EBITDA was $10.93M, missing the average prediction of $-20.621M by -153.01%. Rapid7's net income was $20.05M, missing the average estimation of $35.47M by -43.48%. The company's SG&A was $92.63M, missing the average forecast of $118M by -21.50%. Lastly, the company's EPS was $0.27, missing the average prediction of $0.476 by -43.27%