Rackspace Technology - RXT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $2.31
  • Forecasted Upside: -10.07%
  • Number of Analysts: 8
  • Breakdown:
  • 2 Sell Ratings
  • 4 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$2.57
▲ +0.08 (3.21%)

This chart shows the closing price for RXT by one month, three months, or twelve months.

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Analyst Price Target for RXT

Analyst Price Target is $2.31
▼ -10.07% Downside Potential
This price target is based on 8 analysts offering 12 month price targets for Rackspace Technology in the last 3 months. The average price target is $2.31, with a high forecast of $4.15 and a low forecast of $1.00. The average price target represents a -10.07% upside from the last price of $2.57.

This chart shows the closing price for RXT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 8 investment analysts is to hold stock in Rackspace Technology. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 2 sell ratings
1/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 2 sell ratings
4/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 2 sell ratings
7/29/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 2 sell ratings
10/27/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 2 sell ratings
1/25/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 2 sell ratings
4/24/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 2 sell ratings
6/23/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 2 sell ratings
7/23/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/13/2024Evercore ISILower TargetIn-Line ➝ In-Line$3.00 ➝ $2.00Low
3/13/2024BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$1.50 ➝ $2.50Low
3/13/2024Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$3.00N/A
3/13/2024Raymond JamesLower TargetOutperform ➝ Outperform$3.50 ➝ $3.00Low
11/20/2023CitigroupLower TargetSell ➝ Sell$1.50 ➝ $1.25Low
11/7/2023UBS GroupInitiated CoverageNeutral$1.40Low
10/23/2023BarclaysLower TargetUnderweight ➝ Underweight$2.00 ➝ $1.00Low
9/19/2023Raymond JamesUpgradeMarket Perform ➝ Outperform$3.50Low
8/10/2023Deutsche Bank AktiengesellschaftBoost Target$1.50 ➝ $2.50Low
8/9/2023BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$1.50 ➝ $2.50Low
8/7/2023Credit Suisse GroupBoost TargetOutperform ➝ Outperform$3.50 ➝ $4.15Low
7/25/2023BarclaysBoost TargetUnderweight$1.00 ➝ $2.00Low
7/25/2023CitigroupDowngradeNeutral ➝ Sell$1.25 ➝ $1.50Low
5/15/2023BarclaysLower Target$1.50 ➝ $1.00Low
5/14/2023CitigroupLower Target$3.00 ➝ $1.25Low
5/11/2023Deutsche Bank AktiengesellschaftLower Target$3.00 ➝ $1.50Low
4/24/2023BarclaysLower Target$2.00 ➝ $1.50Low
2/23/2023Deutsche Bank AktiengesellschaftLower Target$5.00 ➝ $3.00Low
2/23/2023Royal Bank of CanadaLower TargetSector Perform$6.00 ➝ $4.00Low
2/23/2023Credit Suisse GroupLower TargetOutperform$8.00 ➝ $6.10Low
2/23/2023BMO Capital MarketsLower TargetMarket Perform$6.00 ➝ $3.50Low
12/19/2022BarclaysLower TargetUnderweight$4.00 ➝ $2.00Low
11/21/2022CitigroupLower Target$7.00 ➝ $5.00Low
11/17/2022Credit Suisse GroupBoost TargetOutperform$7.00 ➝ $8.00Low
11/10/2022Credit Suisse GroupLower TargetOutperform$8.00 ➝ $7.00Low
11/10/2022Deutsche Bank AktiengesellschaftLower Target$6.00 ➝ $5.00Low
10/20/2022Evercore ISILower Target$5.00Low
10/11/2022Evercore ISIDowngradeOutperform ➝ In-Line$9.00 ➝ $5.00Low
10/3/2022BarclaysLower TargetUnderweight$5.00 ➝ $4.00Low
8/16/2022JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$7.00 ➝ $5.00Low
8/15/2022Evercore ISILower Target$9.00Low
8/15/2022CitigroupDowngradeNeutralLow
8/11/2022Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$9.00 ➝ $7.00Low
8/10/2022William BlairDowngradeOutperform ➝ Market PerformLow
8/10/2022Deutsche Bank AktiengesellschaftLower TargetHold$9.00 ➝ $6.00Low
8/10/2022BMO Capital MarketsLower TargetMarket Perform$10.50 ➝ $7.00Low
8/10/2022Credit Suisse GroupLower TargetOutperform$12.00 ➝ $10.00Low
8/10/2022Raymond JamesDowngradeOutperform ➝ Market PerformLow
7/15/2022BarclaysDowngradeEqual Weight ➝ Underweight$5.00Low
6/28/2022Evercore ISILower TargetOutperform$11.00 ➝ $10.00Low
5/11/2022CitigroupLower Target$16.00 ➝ $13.00High
5/11/2022Raymond JamesUpgradeMarket Perform ➝ Outperform$12.00High
4/8/2022OppenheimerDowngradeOutperform ➝ Market PerformHigh
2/24/2022BarclaysLower Target$17.00 ➝ $10.00High
2/23/2022OppenheimerLower TargetOutperform$28.00 ➝ $18.00High
2/23/2022Royal Bank of CanadaLower TargetOutperform$24.00 ➝ $18.00High
2/23/2022Credit Suisse GroupLower TargetOutperform$25.00 ➝ $19.00High
2/23/2022CitigroupLower TargetBuy$20.00 ➝ $16.00High
2/23/2022BMO Capital MarketsDowngradeOutperform ➝ Market Perform$18.00 ➝ $10.50High
2/23/2022Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$21.00 ➝ $9.00High
11/16/2021Credit Suisse GroupBoost TargetOutperform$21.00 ➝ $25.00High
8/17/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$19.00 ➝ $18.00Low
8/13/2021BarclaysDowngradeOverweight ➝ Equal Weight$25.00 ➝ $15.00High
8/12/2021Deutsche Bank AktiengesellschaftLower TargetBuy ➝ Buy$26.00 ➝ $21.00High
8/12/2021Royal Bank of CanadaLower TargetPositive ➝ Outperform$27.00 ➝ $24.00High
8/12/2021BMO Capital MarketsLower TargetIn-Line ➝ Outperform$23.00 ➝ $17.00High
8/12/2021Credit Suisse GroupLower TargetOutperform ➝ Outperform$27.00 ➝ $21.00High
8/12/2021Raymond JamesDowngradeStrong-Buy ➝ Market PerformHigh
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 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 7/23/2019 forward)

News Sentiment Rating

0.53 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 4 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/26/2023
  • 11 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/25/2024
  • 3 very positive mentions
  • 12 positive mentions
  • 2 negative mentions
  • 2 very negative mentions
2/24/2024
  • 3 very positive mentions
  • 27 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
3/25/2024
  • 1 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/24/2024
  • 4 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
5/24/2024
  • 3 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/23/2024
  • 3 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/23/2024

Current Sentiment

  • 3 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Rackspace Technology logo
Rackspace Technology, Inc. operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services. It also helps customers establish governance, operational, and architectural frameworks to mitigate risks and reduce inefficiencies to manage costs, achieve industry-specific compliance objectives, and enhance security. In addition, the company offers managed applications, including running large-scale SaaS applications for customers on its and public cloud infrastructure; 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.
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Today's Range

Now: $2.57
Low: $2.50
High: $2.61

50 Day Range

MA: $2.41
Low: $1.85
High: $3.00

52 Week Range

Now: $2.57
Low: $1.15
High: $3.18

Volume

981,002 shs

Average Volume

1,313,344 shs

Market Capitalization

$575.29 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.98

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, Raymond James, Royal Bank of Canada, and UBS Group AG.
View the latest analyst ratings for RXT.

What is the current price target for Rackspace Technology?

9 Wall Street analysts have set twelve-month price targets for Rackspace Technology in the last year. Their average twelve-month price target is $2.31, suggesting a possible downside of 10.1%. Credit Suisse Group AG has the highest price target set, predicting RXT will reach $4.15 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $1.00 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 2 sell ratings, 4 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in RXT, but not buy more shares or sell existing shares.
View the latest ratings for RXT.

What other companies compete with Rackspace Technology?

Other companies that are similar to Rackspace Technology include Magnite, EverCommerce, Sprout Social, PagerDuty and Weibo. Learn More about companies similar to 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. Learn More about contacing Rackspace Technology investor relations.