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Rackspace Technology (RXT) Stock Forecast & Price Target

Rackspace Technology logo
$2.48 -0.17 (-6.42%)
(As of 12/3/2024 06:07 PM ET)

Rackspace Technology - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
4
Buy
1

Based on 6 Wall Street analysts who have issued ratings for Rackspace Technology in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 1 has given a sell rating, 4 have given a hold rating, and 1 has given a buy rating for RXT.

Consensus Price Target

$2.47
-0.54% Downside
According to the 6 analysts' twelve-month price targets for Rackspace Technology, the average price target is $2.47. The highest price target for RXT is $3.00, while the lowest price target for RXT is $2.00. The average price target represents a forecasted downside of -0.54% from the current price of $2.48.
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RXT Analyst Ratings Over Time

TypeCurrent Forecast
12/5/23 to 12/4/24
1 Month Ago
11/5/23 to 11/4/24
3 Months Ago
9/6/23 to 9/5/24
1 Year Ago
12/5/22 to 12/5/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$2.47$2.34$2.15$2.54
Forecasted Upside-0.54% Downside-2.43% Downside-4.44% Downside86.58% Upside
Consensus Rating
Hold
Hold
Reduce
Hold

RXT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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RXT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Rackspace Technology Stock vs. The Competition

TypeRackspace TechnologyBusiness Services CompaniesS&P 500
Consensus Rating Score
2.00
2.68
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-0.54% Downside299.31% Upside7.23% Upside
News Sentiment Rating
Neutral News

See Recent RXT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/18/2024Barclays
3 of 5 stars
 Boost TargetUnderweight ➝ Underweight$1.00 ➝ $2.00-18.37%
8/16/2024UBS Group
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$2.10 ➝ $2.30+0.88%
3/13/2024Evercore ISI
2 of 5 stars
 Lower TargetIn-Line ➝ In-Line$3.00 ➝ $2.00+25.39%
3/13/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$1.50 ➝ $2.50+56.74%
3/13/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$3.00+88.09%
3/13/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$3.50 ➝ $3.00+88.09%
11/20/2023Citigroup
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 Lower TargetSell ➝ Sell$1.50 ➝ $1.25-15.54%
8/10/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$1.50 ➝ $2.50+11.11%
8/7/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$3.50 ➝ $4.15+103.43%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:21 AM ET.


RXT Forecast - Frequently Asked Questions

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Rackspace Technology is $2.47, with a high forecast of $3.00 and a low forecast of $2.00.

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rackspace Technology in the last year. There is currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RXT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RXT, but not buy additional shares or sell existing shares.

According to analysts, Rackspace Technology's stock has a predicted downside of -0.54% based on their 12-month stock forecasts.

Rackspace Technology has been rated by research analysts at Barclays in the past 90 days.

Analysts like Rackspace Technology less than other "business services" companies. The consensus rating for Rackspace Technology is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how RXT compares to other companies.


This page (NASDAQ:RXT) was last updated on 12/4/2024 by MarketBeat.com Staff
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