D.A. Davidson & Co. Sees Solid Revenue Quarter, EBITDA Miss for Rackspace Hosting

by Benzinga Staff
August 12, 2014 9:24 AM | 29 seconds read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

In a report published Tuesday, D.A. Davidson & Co. analyst Mark Kelleher reiterated a Neutral rating and $33.00 price target on Rackspace Hosting (NYSE: RAX).In the report, D.A. Davidson & Co. noted, “After the close Rackspace Hosting released Q2 2014 (Jun) quarterly results. Revenues were above consensus and management expectations while adjusted EBITDA for the quarter was slightly below consensus...Based on our 12-18 month price target of $33 (which incorporates an enterprise value of 6.5x our 2015 EBITDA estimate), we are reiterating our NEUTRAL rating on Rackspace Hosting.”Rackspace Hosting closed on Monday at $31.31.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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Posted In: Analyst ColorReiterationAnalyst RatingsD.A. Davidson & Co.Mark Kelleher

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