| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 10/23/2023 | -23.95% | Barclays | $2 → $1 | Maintains | Underweight |
| 09/19/2023 | 166.16% | Raymond James | → $3.5 | Upgrades | Market Perform → Outperform |
| 08/09/2023 | 90.11% | BMO Capital | $1.5 → $2.5 | Maintains | Market Perform |
| 08/09/2023 | 280.23% | Credit Suisse | $4.15 → $5 | Maintains | Outperform |
| 08/07/2023 | 215.59% | Credit Suisse | $3.5 → $4.15 | Maintains | Outperform |
| 07/25/2023 | 52.09% | Barclays | $1 → $2 | Maintains | Underweight |
| 07/25/2023 | 14.07% | Citigroup | $1.25 → $1.5 | Downgrades | Neutral → Sell |
| 05/15/2023 | -23.95% | Barclays | $1.5 → $1 | Maintains | Underweight |
| 05/11/2023 | 128.14% | RBC Capital | $4 → $3 | Maintains | Sector Perform |
| 05/01/2023 | 166.16% | Credit Suisse | $4.6 → $3.5 | Maintains | Outperform |
| 04/24/2023 | 14.07% | Barclays | $2 → $1.5 | Maintains | Underweight |
| 02/23/2023 | 363.88% | Credit Suisse | $8 → $6.1 | Maintains | Outperform |
| 02/23/2023 | 204.18% | RBC Capital | $6 → $4 | Maintains | Sector Perform |
| 02/23/2023 | 166.16% | BMO Capital | $6 → $3.5 | Maintains | Market Perform |
| 12/19/2022 | 52.09% | Barclays | $4 → $2 | Maintains | Underweight |
| 11/17/2022 | 508.37% | Credit Suisse | $7 → $8 | Maintains | Outperform |
| 11/10/2022 | 432.32% | Credit Suisse | $8 → $7 | Maintains | Outperform |
| 10/03/2022 | 204.18% | Barclays | $5 → $4 | Maintains | Underweight |
| 08/16/2022 | 280.23% | JP Morgan | $7 → $5 | Downgrades | Neutral → Underweight |
| 08/11/2022 | — | William Blair | Downgrades | Outperform → Market Perform | |
| 08/11/2022 | 432.32% | RBC Capital | $9 → $7 | Downgrades | Outperform → Sector Perform |
| 08/10/2022 | 432.32% | BMO Capital | $10.5 → $7 | Maintains | Market Perform |
| 08/10/2022 | 356.27% | Deutsche Bank | $9 → $6 | Maintains | Hold |
| 08/10/2022 | 660.46% | Credit Suisse | $12 → $10 | Maintains | Outperform |
| 08/10/2022 | 584.41% | RBC Capital | $16 → $9 | Maintains | Outperform |
| 08/10/2022 | — | Raymond James | Downgrades | Outperform → Market Perform | |
| 07/15/2022 | 280.23% | Barclays | → $5 | Downgrades | Equal-Weight → Underweight |
| 06/28/2022 | 660.46% | Evercore ISI Group | $11 → $10 | Maintains | Outperform |
| 05/11/2022 | 1040.68% | Credit Suisse | $19 → $15 | Maintains | Outperform |
| 05/11/2022 | 1116.73% | RBC Capital | $18 → $16 | Maintains | Outperform |
| 05/11/2022 | 888.59% | Citigroup | $16 → $13 | Maintains | Buy |
| 05/11/2022 | 812.55% | Raymond James | → $12 | Upgrades | Market Perform → Outperform |
| 04/08/2022 | — | Oppenheimer | Downgrades | Outperform → Perform | |
| 02/23/2022 | 1268.82% | RBC Capital | $24 → $18 | Maintains | Outperform |
| 02/23/2022 | 1344.87% | Credit Suisse | $25 → $19 | Maintains | Outperform |
| 02/23/2022 | 1116.73% | Citigroup | $20 → $16 | Maintains | Buy |
| 02/23/2022 | 584.41% | Deutsche Bank | → $9 | Downgrades | Buy → Hold |
| 02/23/2022 | 698.48% | BMO Capital | $18 → $10.5 | Downgrades | Outperform → Market Perform |
| 11/16/2021 | 1801.14% | Credit Suisse | $21 → $25 | Maintains | Outperform |
| 08/17/2021 | 1268.82% | JP Morgan | $19 → $18 | Downgrades | Overweight → Neutral |
| 08/13/2021 | 1040.68% | Barclays | $25 → $15 | Downgrades | Overweight → Equal-Weight |
| 08/12/2021 | 1496.96% | Credit Suisse | $27 → $21 | Maintains | Outperform |
| 08/12/2021 | — | Raymond James | Downgrades | Strong Buy → Market Perform | |
| 06/29/2021 | 2029.28% | Citigroup | → $28 | Reinstates | → Buy |
| 05/12/2021 | — | Raymond James | Upgrades | Outperform → Strong Buy | |
| 04/20/2021 | 2067.3% | Raymond James | → $28.5 | Initiates Coverage On | → Outperform |
| 04/01/2021 | — | William Blair | Initiates Coverage On | → Outperform | |
| 08/31/2020 | 1877.19% | Deutsche Bank | → $26 | Initiates Coverage On | → Buy |
| 08/31/2020 | 1953.23% | Credit Suisse | → $27 | Initiates Coverage On | → Outperform |
| 08/31/2020 | 1725.1% | Citigroup | → $24 | Initiates Coverage On | → Buy |
| 08/31/2020 | 2029.28% | JP Morgan | → $28 | Initiates Coverage On | → Overweight |
| 08/31/2020 | 2105.32% | RBC Capital | → $29 | Initiates Coverage On | → Outperform |
| 08/31/2020 | 1725.1% | Barclays | → $24 | Initiates Coverage On | → Overweight |
| 08/31/2020 | 1649.05% | BMO Capital | → $23 | Initiates Coverage On | → Outperform |
| 08/31/2020 | 3246.01% | Goldman Sachs | → $44 | Initiates Coverage On | → Buy |
What is the target price for Rackspace Tech (RXT)?
The latest price target for Rackspace Tech (NASDAQ: RXT) was reported by Barclays on October 23, 2023. The analyst firm set a price target for $1.00 expecting RXT to fall to within 12 months (a possible -23.95% downside). 17 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 Barclays, and Rackspace Tech maintained their underweight rating.
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 October 23, 2023 so you should expect the next rating to be made available sometime around October 23, 2024.
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 $2.00 to $1.00. The current price Rackspace Tech (RXT) is trading at is $1.32, which is out of the analyst's predicted range.