$2.79
-0.16-5.42%
At Close: -
$2.95
0.165.73%
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Rackspace Tech
RXTNASDAQ
Rackspace Tech (NASDAQ:RXT) Stock, Analyst Ratings, Price Targets, Forecasts
Rackspace Technology Inc has a consensus price target of $5.68 based on the ratings of 49 analysis. The 3 most-recent analyst ratings were released by Raymond James, RBC Capital, and BMO Capital on March 13, 2024, respectively. With an average price target of $2.83 between Raymond James, RBC Capital, and BMO Capital, there's an implied -3.95% downside for Rackspace Technology Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Raymond James
RBC Capital
BMO Capital
Evercore ISI Group
Citigroup
1calculated from analyst ratings
Analyst Ratings for Rackspace Tech
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/13/2024 | Buy Now | 1.69% | Raymond James | Frank Louthan | $3.5 → $3 | Maintains | Outperform | Get Alert |
| 03/13/2024 | Buy Now | 1.69% | RBC Capital | Daniel Perlin | → $3 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 03/13/2024 | Buy Now | -15.25% | BMO Capital | Keith Bachman | $1.5 → $2.5 | Maintains | Market Perform | Get Alert |
| 03/13/2024 | Buy Now | -32.2% | Evercore ISI Group | Amit Daryanani | $3 → $2 | Maintains | In-Line | Get Alert |
| 11/20/2023 | Buy Now | -57.63% | Citigroup | Ashwin Shirvaikar | $1.5 → $1.25 | Maintains | Sell | Get Alert |
| 11/07/2023 | Buy Now | -52.54% | UBS | Kevin Mcveigh | → $1.4 | Initiates | → Neutral | Get Alert |
| 10/23/2023 | Buy Now | -66.1% | Barclays | Ramsey El-Assal | $2 → $1 | Maintains | Underweight | Get Alert |
| 09/19/2023 | Buy Now | 18.64% | Raymond James | Frank Louthan | → $3.5 | Upgrade | Market Perform → Outperform | Get Alert |
| 08/09/2023 | Buy Now | -15.25% | BMO Capital | Keith Bachman | $1.5 → $2.5 | Maintains | Market Perform | Get Alert |
| 08/09/2023 | Buy Now | 69.49% | Credit Suisse | Kevin Mcveigh | $4.15 → $5 | Maintains | Outperform | Get Alert |
| 08/07/2023 | Buy Now | 40.68% | Credit Suisse | Kevin Mcveigh | $3.5 → $4.15 | Maintains | Outperform | Get Alert |
| 07/25/2023 | Buy Now | -32.2% | Barclays | Ramsey El-Assal | $1 → $2 | Maintains | Underweight | Get Alert |
| 07/25/2023 | Buy Now | -49.15% | Citigroup | Ashwin Shirvaikar | $1.25 → $1.5 | Downgrade | Neutral → Sell | Get Alert |
| 05/15/2023 | Buy Now | -66.1% | Barclays | Ramsey El-Assal | $1.5 → $1 | Maintains | Underweight | Get Alert |
| 05/11/2023 | Buy Now | 1.69% | RBC Capital | Daniel Perlin | $4 → $3 | Maintains | Sector Perform | Get Alert |
| 05/01/2023 | Buy Now | 18.64% | Credit Suisse | Kevin Mcveigh | $4.6 → $3.5 | Maintains | Outperform | Get Alert |
| 04/24/2023 | Buy Now | -49.15% | Barclays | Ramsey El-Assal | $2 → $1.5 | Maintains | Underweight | Get Alert |
| 02/23/2023 | Buy Now | 106.78% | Credit Suisse | Kevin Mcveigh | $8 → $6.1 | Maintains | Outperform | Get Alert |
| 02/23/2023 | Buy Now | 35.59% | RBC Capital | Daniel Perlin | $6 → $4 | Maintains | Sector Perform | Get Alert |
| 02/23/2023 | Buy Now | 18.64% | BMO Capital | Keith Bachman | $6 → $3.5 | Maintains | Market Perform | Get Alert |
| 12/19/2022 | Buy Now | -32.2% | Barclays | Ramsey El-Assal | $4 → $2 | Maintains | Underweight | Get Alert |
| 11/17/2022 | Buy Now | 171.19% | Credit Suisse | Kevin Mcveigh | $7 → $8 | Maintains | Outperform | Get Alert |
| 11/10/2022 | Buy Now | 137.29% | Credit Suisse | Kevin Mcveigh | $8 → $7 | Maintains | Outperform | Get Alert |
| 10/03/2022 | Buy Now | 35.59% | Barclays | Ramsey El-Assal | $5 → $4 | Maintains | Underweight | Get Alert |
| 08/16/2022 | Buy Now | 69.49% | JP Morgan | Tien-Tsin Huang | $7 → $5 | Downgrade | Neutral → Underweight | Get Alert |
| 08/11/2022 | Buy Now | — | William Blair | Jim Breen | — | Downgrade | Outperform → Market Perform | Get Alert |
| 08/11/2022 | Buy Now | 137.29% | RBC Capital | Daniel Perlin | $9 → $7 | Downgrade | Outperform → Sector Perform | Get Alert |
| 08/10/2022 | Buy Now | 137.29% | BMO Capital | Keith Bachman | $10.5 → $7 | Maintains | Market Perform | Get Alert |
| 08/10/2022 | Buy Now | 103.39% | Deutsche Bank | Bryan Keane | $9 → $6 | Maintains | Hold | Get Alert |
| 08/10/2022 | Buy Now | 238.98% | Credit Suisse | Kevin Mcveigh | $12 → $10 | Maintains | Outperform | Get Alert |
| 08/10/2022 | Buy Now | 205.08% | RBC Capital | Daniel Perlin | $16 → $9 | Maintains | Outperform | Get Alert |
| 08/10/2022 | Buy Now | — | Raymond James | Frank Louthan | — | Downgrade | Outperform → Market Perform | Get Alert |
| 07/15/2022 | Buy Now | 69.49% | Barclays | Ramsey El-Assal | → $5 | Downgrade | Equal-Weight → Underweight | Get Alert |
| 06/28/2022 | Buy Now | 238.98% | Evercore ISI Group | Amit Daryanani | $11 → $10 | Maintains | Outperform | Get Alert |
| 05/11/2022 | Buy Now | 408.47% | Credit Suisse | Kevin Mcveigh | $19 → $15 | Maintains | Outperform | Get Alert |
| 05/11/2022 | Buy Now | 442.37% | RBC Capital | Daniel Perlin | $18 → $16 | Maintains | Outperform | Get Alert |
| 05/11/2022 | Buy Now | 340.68% | Citigroup | Ashwin Shirvaikar | $16 → $13 | Maintains | Buy | Get Alert |
| 05/11/2022 | Buy Now | 306.78% | Raymond James | Frank Louthan | → $12 | Upgrade | Market Perform → Outperform | Get Alert |
| 04/08/2022 | Buy Now | — | Oppenheimer | Timothy Horan | — | Downgrade | Outperform → Perform | Get Alert |
| 02/23/2022 | Buy Now | 510.17% | RBC Capital | Daniel Perlin | $24 → $18 | Maintains | Outperform | Get Alert |
| 02/23/2022 | Buy Now | 544.07% | Credit Suisse | Matt Cabral | $25 → $19 | Maintains | Outperform | Get Alert |
| 02/23/2022 | Buy Now | 442.37% | Citigroup | Ashwin Shirvaikar | $20 → $16 | Maintains | Buy | Get Alert |
| 02/23/2022 | Buy Now | 205.08% | Deutsche Bank | Bryan Keane | → $9 | Downgrade | Buy → Hold | Get Alert |
| 02/23/2022 | Buy Now | 255.93% | BMO Capital | Keith Bachman | $18 → $10.5 | Downgrade | Outperform → Market Perform | Get Alert |
| 11/16/2021 | Buy Now | 747.46% | Credit Suisse | Kevin Mcveigh | — | Maintains | Outperform | Get Alert |
| 08/17/2021 | Buy Now | 510.17% | JP Morgan | Tien-Tsin Huang | — | Downgrade | Overweight → Neutral | Get Alert |
| 08/13/2021 | Buy Now | 408.47% | Barclays | Raimo Lenschow | — | Downgrade | Overweight → Equal-Weight | Get Alert |
| 08/12/2021 | Buy Now | 611.86% | Credit Suisse | Matthew Cabral | — | Maintains | Outperform | Get Alert |
| 08/12/2021 | Buy Now | — | Raymond James | Frank Louthan | — | Downgrade | Strong Buy → Market Perform | Get Alert |
FAQ
What is the target price for Rackspace Tech (RXT) stock?
The latest price target for Rackspace Tech (NASDAQ:RXT) was reported by Raymond James on March 13, 2024. The analyst firm set a price target for $3.00 expecting RXT to rise to within 12 months (a possible 1.69% upside). 13 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Rackspace Tech (RXT)?
The latest analyst rating for Rackspace Tech (NASDAQ:RXT) was provided by Raymond James, and Rackspace Tech maintained their outperform rating.
When was the last upgrade for Rackspace Tech (RXT)?
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.
When was the last downgrade for Rackspace Tech (RXT)?
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.
When is the next analyst rating going to be posted or updated for Rackspace Tech (RXT)?
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 March 13, 2024 so you should expect the next rating to be made available sometime around March 13, 2025.
Is the Analyst Rating Rackspace Tech (RXT) correct?
While ratings are subjective and will change, the latest Rackspace Tech (RXT) rating was a maintained with a price target of $3.50 to $3.00. The current price Rackspace Tech (RXT) is trading at is $2.95, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.