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Rackspace Tech

RXTNASDAQ
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$2.42
00.00%
At Close: -
$2.42
00.00%
After Hours: 4:00 PM EDT
15 minutes delayed
Consensus Rating1
Outperform
Highest Price Target1
$19.00
Lowest Price Target1
$1.00
Consensus Price Target1
$4.55

Rackspace Tech (NASDAQ:RXT) Stock, Analyst Ratings, Price Targets, Forecasts

Rackspace Technology Inc has a consensus price target of $4.55 based on the ratings of 13 analysts. The high is $19 issued by Credit Suisse on February 23, 2022. The low is $1 issued by Barclays on October 23, 2023. The 3 most-recent analyst ratings were released by UBS, RBC Capital, and Raymond James on August 16, 2024, March 13, 2024, and March 13, 2024, respectively. With an average price target of $2.77 between UBS, RBC Capital, and Raymond James, there's an implied 14.33% upside for Rackspace Technology Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Aug
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.5
Sell
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

UBS
RBC Capital
Raymond James
BMO Capital
Evercore ISI Group

1calculated from analyst ratings

Analyst Ratings for Rackspace Tech

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FAQ

Q

What is the target price for Rackspace Tech (RXT) stock?

A

The latest price target for Rackspace Tech (NASDAQ:RXT) was reported by UBS on August 16, 2024. The analyst firm set a price target for $2.30 expecting RXT to fall to within 12 months (a possible -4.96% downside). 8 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Rackspace Tech (RXT)?

A

The latest analyst rating for Rackspace Tech (NASDAQ:RXT) was provided by UBS, and Rackspace Tech maintained their neutral rating.

Q

When was the last upgrade for Rackspace Tech (RXT)?

A

The last upgrade for Rackspace Technology Inc happened on September 19, 2023 when Raymond James raised their price target to $3.5. Raymond James previously had a market perform for Rackspace Technology Inc.

Q

When was the last downgrade for Rackspace Tech (RXT)?

A

The last downgrade for Rackspace Technology Inc happened on July 25, 2023 when Citigroup changed their price target from $1.25 to $1.5 for Rackspace Technology Inc.

Q

When is the next analyst rating going to be posted or updated for Rackspace Tech (RXT)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Rackspace Tech, 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 Rackspace Tech was filed on August 16, 2024 so you should expect the next rating to be made available sometime around August 16, 2025.

Q

Is the Analyst Rating Rackspace Tech (RXT) correct?

A

While ratings are subjective and will change, the latest Rackspace Tech (RXT) rating was a maintained with a price target of $2.10 to $2.30. The current price Rackspace Tech (RXT) is trading at is $2.42, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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