Benzinga | Sep 23, 2021 12:40PM EDT

What 12 Analyst Ratings Have To Say About Rapid7

Over the past 3 months, 12 analysts have published their opinion on Rapid7 (NASDAQ:RPD) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 5 6 1 0 0Last 30D 0 1 0 0 01M Ago 0 0 0 0 02M Ago 2 2 1 0 03M Ago 3 3 0 0 0

These 12 analysts have an average price target of $122.25 versus the current price of Rapid7 at 120.0025, implying upside.

Below is a summary of how these 12 analysts rated Rapid7 over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This average price target has increased by 15.99% over the past month.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.