Analyst Price Target is $2.54
▲ +73.80% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Rackspace Technology in the last 3 months. The average price target is $2.54, with a high forecast of $4.15 and a low forecast of $1.00. The average price target represents a 73.80% upside from the last price of $1.46.
Current Consensus is
The current consensus among 7 investment analysts is to hold stock in Rackspace Technology. This Hold consensus rating has held steady for over two years.
Rackspace Technology, Inc. operates as a multi cloud technology services company the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through two segments, Multicloud Services and Apps & Cross Platform. The Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. The Apps & Cross Platform segment includes managed applications; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.