The latest price target for Rackspace Tech (NASDAQ:RXT) was reported by Barclays on November 18, 2024. The analyst firm set a price target for $2.00 expecting RXT to fall to within 12 months (a possible -23.08% downside). 6 analyst firms have reported ratings in the last year.

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

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.

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.

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 November 18, 2024 so you should expect the next rating to be made available sometime around November 18, 2025.

While ratings are subjective and will change, the latest Rackspace Tech (RXT) rating was a maintained with a price target of $1.00 to $2.00. The current price Rackspace Tech (RXT) is trading at is $2.60, which is out of the analyst’s predicted range.