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Rapid7 Inc has a consensus price target of $46.26 based on the ratings of 23 analysts. The high is $56 issued by Wolfe Research on November 3, 2023. The low is $38 issued by Truist Securities on November 7, 2024. The 3 most-recent analyst ratings were released by DA Davidson, JP Morgan, and UBS on November 7, 2024, respectively. With an average price target of $44.33 between DA Davidson, JP Morgan, and UBS, there's an implied 11.25% upside for Rapid7 Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Rapid7 (NASDAQ:RPD) was reported by DA Davidson on November 7, 2024. The analyst firm set a price target for $39.00 expecting RPD to fall to within 12 months (a possible -2.13% downside). 37 analyst firms have reported ratings in the last year.
The latest analyst rating for Rapid7 (NASDAQ:RPD) was provided by DA Davidson, and Rapid7 maintained their neutral rating.
The last upgrade for Rapid7 Inc happened on January 29, 2024 when UBS raised their price target to $70. UBS previously had a neutral for Rapid7 Inc.
The last downgrade for Rapid7 Inc happened on September 20, 2024 when RBC Capital changed their price target from $50 to $40 for Rapid7 Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Rapid7, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Rapid7 was filed on November 7, 2024 so you should expect the next rating to be made available sometime around November 7, 2025.
While ratings are subjective and will change, the latest Rapid7 (RPD) rating was a maintained with a price target of $35.00 to $39.00. The current price Rapid7 (RPD) is trading at is $39.85, which is out of the analyst’s predicted range.
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