What is the upside for Rackspace technology (Rackspace) stock?
Their forecasts range from $15.00 to $28.50. On average, they expect Rackspace Technology's share price to reach $22.06 in the next twelve months. This suggests a possible upside of 69.7% from the stock's current price. View analysts' price targets for Rackspace Technology or view top-rated stocks among Wall Street analysts.
What are analysts'target prices for Rackspace technology's stock?
12 brokerages have issued 1-year target prices for Rackspace Technology's stock. Their forecasts range from $24.00 to $44.00. On average, they anticipate Rackspace Technology's stock price to reach $27.95 in the next twelve months. This suggests a possible upside of 38.5% from the stock's current price.
Where can I buy Rackspace technology (RXT)?
Shares of RXT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Rackspace Technology's stock price today?
What is Rackspace Technology's PE (price targets) ratio?
Rackspace Technology has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Is Rackspace Technology a buy right now? 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rackspace Technology in the last twelve months.
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Is Rackspace stock a good buy?
Out of 12 analysts, 1 (8.33%) are recommending RXT as a Strong Buy, 5 (41.67%) are recommending RXT as a Buy, 5 (41.67%) are recommending RXT as a Hold, 0 (0%) are recommending RXT as a Sell, and 1 (8.33%) are recommending RXT as a Strong Sell. What is RXT's earnings growth forecast for 2022-2024?
Will Rackspace stock go Up?
The 9 analysts offering 12-month price forecasts for Rackspace Technology Inc have a median target of 11.00, with a high estimate of 16.00 and a low estimate of 5.00. The median estimate represents a +82.72% increase from the last price of 6.02.
Why is Rackspace dropping?
Shares of Rackspace Technology were plunging Friday after analysts at Oppenheimer downgraded the stock due to concerns over margin pressures and high debt. Analyst Timothy Horan lowered his rating to Perform from Outperform, and removed his price target for the shares, which was previously set at $18.
Is Rackspace publicly traded?
Rackspace Technology Inc. starts 2021 as a different company than the one that started 2020. Besides going from private equity-owned to publicly traded in the midst of the Covid-19 pandemic, the company made changes to its C-suite and its brand geared toward the next phase of its evolution.
Does Rackspace pay a dividend?
RACKSPACE TECHNOLOGY (NASDAQ: RXT) does not pay a dividend.
Is Rackspace going out of business?
Rackspace has ended weeks of speculation about its future as a publicly traded company by confirming it will be acquired by private equity house Apollo Global Management for $4.3bn. New Rackspace president Jeff Cotten reveals details of what the future holds for the managed cloud company now it's under new ownership.
Who is buying Rackspace?
Apollo Global ManagementApollo Global Management (APO) took Rackspace private in a $4.3 billion deal in 2016. The company returned to the public market in an August 2020 initial public offering at $21 a share, at about the same valuation where the company went private.
What happened Rackspace?
In August 2016, it was confirmed that Apollo Global Management had reached an agreement to buy the company for $4.3 billion. The sale was completed in November 2016 and Rackspace officially ended trading on the New York Stock Exchange on November 3, 2016.
Is Rackspace owned by Amazon?
Other key executives will receive similar compensation. Rackspace was acquired in 2016 by private equity giant Apollo Global Management for $4.3 billion. It came back to the public market last August. Rackspace is a key partner of Amazon's AWS, the Internet giant's largest profit driver.
Is Rackspace owned by Apollo?
Apollo bought the company for $4.3 billion. The stock is off to a rocky debut. The shares were indicated to open as low as $16, sharply below the IPO price. Rackspace at March 31 also had about $4 billion in debt, including $3 billion that traces back to the 2016 leveraged buyout.
Is Rackspace a Fortune 500 company?
A sample of "what employees say" about working at Rackspace in the annual survey. Click to read more. This is the seventh time we've made the Fortune list over the past decade. We've ranked as high as #29.
Should I buy or sell Rackspace Technology stock right now?
9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rackspace Technology in the last year. There are current...
What is Rackspace Technology's stock price forecast for 2022?
9 analysts have issued 1 year price targets for Rackspace Technology's shares. Their forecasts range from $9.00 to $19.00. On average, they predict...
How has Rackspace Technology's stock price performed in 2022?
Rackspace Technology's stock was trading at $13.47 at the beginning of the year. Since then, RXT stock has decreased by 43.4% and is now trading at...
When is Rackspace Technology's next earnings date?
Rackspace Technology is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022. View our earnings forecast for...
How were Rackspace Technology's earnings last quarter?
Rackspace Technology, Inc. (NASDAQ:RXT) released its quarterly earnings results on Tuesday, May, 10th. The company reported $0.22 earnings per shar...
What guidance has Rackspace Technology issued on next quarter's earnings?
Rackspace Technology updated its second quarter 2022 earnings guidance on Tuesday, June, 7th. The company provided earnings per share (EPS) guidanc...
Who are Rackspace Technology's key executives?
Rackspace Technology's management team includes the following people: Mr. Kevin M. Jones , CEO & Director (Age 53, Pay $2.08M) ( LinkedIn Profil...
Who are some of Rackspace Technology's key competitors?
Some companies that are related to Rackspace Technology include GDS (GDS) , Weibo (WB) , DigitalOcean (DOCN) , Bumble (BMBL) , DoubleVerify (D...
What other stocks do shareholders of Rackspace Technology own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Rackspace Technology investors own include Advanced Micro...
What is Rackspace technology?
Where is Apps and Cross Platform located?
Rackspace Technology, Inc. engages in the provision of end-to-end multi-cloud technology services. The firm designs, builds and operates its customers’ cloud environments across technology platforms. It operates through the following segments: Multicloud Services and Apps & Cross Platform. The Multicloud Services segment includes public and private cloud managed services offerings, as well as professional services related to designing and building multicloud solutions and cloud-native applications. The Apps & Cross Platform segment includes managed applications, managed security and data services, as well as professional services related to designing and implementing application, security and data services. The company was founded on July 21, 2016 and is headquartered in San Antonio, TX.
Where is Rackspace located?
The company was founded on July 21, 2016 and is headquartered in San Antonio, TX.
When did Rackspace go public?
Rackspace Technology, Inc. is an American managed cloud computing company based in Windcrest, Texas, a inner suburb of San Antonio, Texas. The company also has offices in Blacksburg, Virginia, and Austin, Texas, as well as in Australia, Canada, the United Kingdom, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico, and Hong Kong.
When will Rackspace release its earnings?
In June 2020 it changed its name to Rackspace Technology. Then in August 2020, Rackspace Technology went public again under the symbol RXT on the NASDAQ market. Wikipedia. Founded.
How much does Rackspace Technology make?
Rackspace Technology is scheduled to release its next quarterly earnings announcement on Wednesday, August 11th 2021. View our earnings forecast for Rackspace Technology.
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Rackspace Technology has a market capitalization of $3.85 billion and generates $2.71 billion in revenue each year. The company earns $-245,800,000.00 in net income (profit) each year or $0.83 on an earnings per share basis.
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Rackspace Technology Inc is an end-to-end multicloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model.
Who are some of (RAX)'s key competitors?
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What other stocks do shareholders of (RAX) own?
Some companies that are related to (RAX) include Meta Platforms (FB), SEA (SE), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), CoStar Group (CSGP), VeriSign (VRSN), Akamai Technologies (AKAM), Opendoor Technologies (OPEN), Ziff Davis (ZD), SPS Commerce (SPSC), Envestnet (ENV), Angi (ANGI), Perficient (PRFT) and Yelp (YELP). View all of RAX's competitors..
What is (RAX)'s stock price today?
Based on aggregate information from My MarketBeat watchlists, some companies that other (RAX) investors own include Netflix (NFLX), Tesla (TSLA), Gilead Sciences (GILD), Broadcom (AVGO), Cisco Systems (CSCO), QUALCOMM (QCOM), Silicon Graphics International (SGI), Verizon Communications (VZ), Ford Motor (F) and Alphabet (GOOG).
