Rackspace Technology (RXT)
(Delayed Data from NSDQ)
$2.37 USD
-0.05 (-2.07%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $2.37 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
A Value D Growth A Momentum B VGM
Rackspace (RXT) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Downside to Average Price Target |
---|---|---|---|
$2.30 | $3.00 | $1.00 | -4.96% |
Price Target
Based on short-term price targets offered by six analysts, the average price target for Rackspace comes to $2.30. The forecasts range from a low of $1.00 to a high of $3.00. The average price target represents a decline of 4.96% from the last closing price of $2.42.
Analyst Price Targets (6 )
Broker Rating
Rackspace currently has an average brokerage recommendation (ABR) of 3.17 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by six brokerage firms. The current ABR compares to an ABR of 3.43 a month ago based on seven recommendations.
Of the six recommendations deriving the current ABR, one is Buy, representing 16.67% of all recommendations. A month ago, Buy represented 14.29%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 0 | 0 | 0 | 0 | 0 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 4 | 4 | 4 | 4 | 4 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 1 | 1 | 2 | 2 | 2 |
ABR | 3.17 | 3.17 | 3.43 | 3.43 | 3.43 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
8/16/2024 | UBS | Kevin D Mcveigh | Hold | Hold |
8/9/2024 | Not Identified | Not Identified | Strong Sell | Strong Sell |
8/9/2024 | Evercore Partners | Amit Daryanani | Hold | Hold |
3/13/2024 | BMO Capital Markets | Keith Bachman | Hold | Hold |
3/13/2024 | Not Identified | Not Identified | Hold | Hold |
3/8/2024 | Raymond James | Frank G Louthan | Moderate Buy | Moderate Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 3.17 |
ABR (Last week) | 3.17 |
# of Recs in ABR | 6 |
Average Target Price | $2.30 |
LT Growth Rate | NA |
Industry | Technology Services |
Industry Rank by ABR | 67 of 253 |
Current Quarter EPS Est: | -0.08 |
RXT FAQs
Rackspace Technology, Inc. (RXT) currently has an average brokerage recommendation (ABR) of 3.17 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 6 brokerage firms.
The average price target for Rackspace Technology, Inc. (RXT) is $2.30. The current on short-term price targets is based on 1 reports.
The forecasts for Rackspace Technology, Inc. (RXT) range from a low of $1 to a high of $3. The average price target represents a decline of $2.95 from the last closing price of $2.37.
The current DOWNSIDE for Rackspace Technology, Inc. (RXT) is 2.95%
Based on short-term price targets offered by six analysts, the average price target for Rackspace comes to $2.30. The forecasts range from a low of $1.00 to a high of $3.00. The average price target represents a decline of 4.96% from the last closing price of $2.42.