NASDAQ:RXT - Rackspace Technology Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $27.95
  • Forecasted Upside: 45.22 %
  • Number of Analysts: 12
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 11 Buy Ratings
  • 1 Strong Buy Ratings
$19.25
▼ -0.61 (-3.07%)
1 month | 3 months | 12 months
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Analyst Price Target for RXT

Average Price Target: $27.95
▲ +45.22% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for Rackspace Technology in the last 3 months. The average price target is $27.95, with a high forecast of $44.00 and a low forecast of $24.00. The average price target represents a 45.22% upside from the last price of $19.25.

Buy

The current consensus among 12 polled investment analysts is to buy stock in Rackspace Technology.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/26/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/25/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/23/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/21/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/20/2020
  • 0 strong buy ratings
  • 10 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/20/2021
  • 1 strong buy ratings
  • 11 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/19/2021
  • 1 strong buy ratings
  • 11 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/18/2021

Latest Recommendations

  • 1 strong buy ratings
  • 11 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/18/2021Raymond JamesUpgradeOutperform ➝ Strong-BuyLow
5/12/2021Raymond JamesUpgradeOutperform ➝ Strong-Buy$28.50High
4/19/2021Raymond JamesInitiated CoverageOutperform$28.50High
3/31/2021William BlairInitiated CoverageOutperformHigh
1/25/2021OppenheimerInitiated CoverageOutperform$28.00High
9/1/2020BMO Capital MarketsBoost Price Target$23.00 ➝ $25.00Low
8/31/2020Deutsche Bank AktiengesellschaftInitiated CoverageBuy$26.00High
8/31/2020Evercore ISIInitiated CoverageOutperform$24.00High
8/31/2020JPMorgan Chase & Co.Initiated CoverageOverweight$28.00High
8/31/2020Credit Suisse GroupInitiated CoverageOutperform$27.00High
8/31/2020Royal Bank of CanadaInitiated CoverageOutperform$29.00High
8/31/2020CitigroupInitiated CoverageBuy$24.00High
8/31/2020The Goldman Sachs GroupInitiated CoverageBuy$44.00High
8/31/2020BMO Capital MarketsInitiated CoverageOutperform$23.00High
8/31/2020BarclaysInitiated CoverageOverweight$24.00High
(Data available from 6/18/2016 forward)
Rackspace Technology logo
Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's 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. Its 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 and data services; and professional services related to designing and implementing application, security, and data services. The company serves financial, government, healthcare, manufacturing, non-profit, education, consumer goods, oil and gas, media and entertainment, automotive and transportation, food and beverage, travel and hospitality, retail, and public sectors, as well as SaaS and ISV clients. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.
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Today's Range

Now: $19.25
Low: $19.15
High: $19.91

50 Day Range

MA: $22.10
Low: $18.28
High: $25.51

52 Week Range

Now: $19.25
Low: $15.25
High: $26.43

Volume

2,111,193 shs

Average Volume

1,859,074 shs

Market Capitalization

$4.00 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Rackspace Technology?

The following equities research analysts have issued stock ratings on Rackspace Technology in the last twelve months: Barclays PLC, BMO Capital Markets, Citigroup Inc., Credit Suisse Group AG, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Oppenheimer Holdings Inc., Raymond James, Royal Bank of Canada, The Goldman Sachs Group, Inc., William Blair, and Zacks Investment Research.
View the latest analyst ratings for RXT.

What is the current price target for Rackspace Technology?

11 Wall Street analysts have set twelve-month price targets for Rackspace Technology in the last year. Their average twelve-month price target is $27.95, suggesting a possible upside of 45.2%. The Goldman Sachs Group, Inc. has the highest price target set, predicting RXT will reach $44.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $24.00 for Rackspace Technology in the next year.
View the latest price targets for RXT.

What is the current consensus analyst rating for Rackspace Technology?

Rackspace Technology currently has 11 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe RXT will outperform the market and that investors should add to their positions of Rackspace Technology.
View the latest ratings for RXT.

What other companies compete with Rackspace Technology?

How do I contact Rackspace Technology's investor relations team?

Rackspace Technology's physical mailing address is 1 FANATICAL PLACE CITY OF WINDCREST, SAN ANTONIO TX, 78218. The company's listed phone number is 210-312-4000 and its investor relations email address is [email protected] The official website for Rackspace Technology is www.rackspace.com.