In a report released on August 9, Daniel Perlin from RBC Capital maintained a Hold rating on Rackspace Technology (RXT – Research Report), with a price target of $3.00. The company’s shares closed last Friday at $2.27.
Perlin covers the Financial sector, focusing on stocks such as Global Payments, Flywire, and Fiserv. According to TipRanks, Perlin has an average return of 3.2% and a 46.49% success rate on recommended stocks.
Rackspace Technology has an analyst consensus of Hold, with a price target consensus of $2.53, representing an 11.45% upside. In a report released on August 10, Deutsche Bank also maintained a Hold rating on the stock with a $2.50 price target.
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The company has a one-year high of $6.45 and a one-year low of $1.05. Currently, Rackspace Technology has an average volume of 2.18M.
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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. The company’s solutions include Application Services; Data; Colocation; Managed Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in three reportable segments Multicloud Services; Apps & Cross Platform; and OpenStack Public Cloud. It generates revenue through the sale of consumption-based contracts for its services offerings and from the sale of professional services related to designing and building customer solution.
Read More on RXT:
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