Rackspace Technology, Inc. (RXT)

NASDAQ: RXT · Real-Time Price · USD
5.11
+0.26 (5.36%)
May 29, 2026, 3:13 PM EDT - Market open
Market Cap1.27B +322.4%
Revenue (ttm)2.70B -0.5%
Net Income-146.00M
EPS-0.61
Shares Out 249.22M
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume18,972,766
Open4.90
Previous Close4.85
Day's Range4.62 - 5.39
52-Week Range0.39 - 7.65
Beta2.24
AnalystsHold
Price Target4.17 (-18.4%)
Earnings DateMay 7, 2026

About RXT

Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally. It operates through two segments, Public Cloud and Private Cloud. The company offers programmatic infrastructure, including hardware and services for datacenter compute, network, storage, and data protection; cloud operating systems; platform-as-a-service; private cloud solutions; and private cloud services, such as managed, professional, elastic engineering, and security services, as... [Read more]

Sector Technology
IPO Date Aug 5, 2020
Employees 5,000
Stock Exchange NASDAQ
Ticker Symbol RXT
Full Company Profile

Financial Performance

In 2025, Rackspace Technology's revenue was $2.69 billion, a decrease of -1.88% compared to the previous year's $2.74 billion. Losses were -$225.80 million, -73.69% less than in 2024.

Financial Statements

Analyst Summary

According to 3 analysts, the average rating for RXT stock is "Hold." The 12-month stock price target is $4.17, which is a decrease of -18.40% from the latest price.

Price Target
$4.17
(-18.40% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Rackspace price target raised to $5 from $2 at BMO Capital

BMO Capital raised the firm’s price target on Rackspace (RXT) to $5 from $2 and keeps a Market Perform rating on the shares after its Q1 results. The quarter was…

Other symbols: AMDPLTR
17 days ago - TheFly

Rackspace Technology Q1 Earnings Call Highlights

Rackspace Technology NASDAQ: RXT reported first-quarter 2026 revenue growth and reaffirmed its full-year outlook, while management emphasized the company's shift toward managed, governed enterprise ar...

20 days ago - MarketBeat

Rackspace Technology Stock (RXT) Soars on a New AI MOU With AMD

Rackspace Technology stock rallied after the company announced an AI MOU with AMD.

Other symbols: AMD
21 days ago - TipRanks

Rackspace jumps 64% to $3.72 following earnings report

09:33 EDT Rackspace (RXT) jumps 64% to $3.72 following earnings report

22 days ago - TheFly

Rackspace, AMD to establish new category of enterprise AI infrastructure

Rackspace (RXT) and AMD (AMD) announced the signing of a memorandum of understanding establishing a framework for a multiyear strategic partnership to create an Enterprise AI Cloud purpose-built for r...

Other symbols: AMD
22 days ago - TheFly

Rackspace Technology Earnings Call Transcript: Q1 2026

Q1 revenue grew 2% year-over-year to $678M, driven by public cloud, while private cloud saw a 6% decline due to deal timing. The company reaffirmed 2026 guidance, expanded key partnerships, and focused on deleveraging, with a strong pipeline in regulated AI and healthcare.

22 days ago - Transcripts

Rackspace Technology Slides: Q1 2026

Rackspace Technology has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 7, 2026.

22 days ago - Filings

Rackspace Technology Earnings release: Q1 2026

Rackspace Technology released its Q1 2026 earnings on May 7, 2026, summarizing the period's financial results.

22 days ago - Filings

Rackspace Technology Quarterly report: Q1 2026

Rackspace Technology has published its Q1 2026 quarterly earnings report on May 7, 2026.

22 days ago - Filings

Rackspace Technology and AMD Sign Memorandum of Understanding to Establish New Category of Governed Enterprise AI Infrastructure

SAN ANTONIO, May 07, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, and AMD today announced the signing of a Memorandum of ...

22 days ago - GlobeNewsWire

Rackspace Technology Reports First Quarter 2026 Results

Revenue of $678 million in the First Quarter, up 2% Year-over-Year Private Cloud Revenue was $235 million, down 6% Year-over-Year Public Cloud Revenue was $443 million, up 7% Year-over-Year First Quar...

22 days ago - GlobeNewsWire

Rackspace Technology Proxy statement: Proxy filing

Rackspace Technology filed a proxy statement on April 30, 2026, providing details for shareholder voting and corporate governance matters.

4 weeks ago - Filings

Rackspace Technology Proxy statement: Proxy filing

Rackspace Technology filed a proxy statement on April 30, 2026, providing details for shareholder voting and corporate governance matters.

4 weeks ago - Filings

Rackspace Technology to Announce First Quarter 2026 Earnings on May 7, 2026

SAN ANTONIO, April 16, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology®  (NASDAQ: RXT) a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its first quarter ...

6 weeks ago - GlobeNewsWire

Rackspace Technology Appoints Paul Soligon and Marco Tesini to Senior Leadership Roles

SAN ANTONIO, April 08, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the appointments of Paul Soligon as Sen...

7 weeks ago - GlobeNewsWire

Cannell Capital tells Rackspace to sell equity to ease debt

Cannell Capital disclosed a letter sent to Rackspace’s (RXT) board, which states in part: “Accounts under the purview of Cannell Capital LLC have acquired sundry debt securities of Rackspace Technolog...

2 months ago - TheFly

Cannell Capital LLC Issues Statement About Rackspace Technology, Inc.

Alta, Wyoming--(Newsfile Corp. - March 26, 2026) - Cannell Capital LLC - Cannell Capital LLC ("CC") sends this letter to Rackspace and its shareholders. "That quirky investment company which has manag...

2 months ago - Newsfile Corp

Rackspace Technology, Rubrik launch UK Sovereign Cyber Recovery Cloud

Rackspace Technology (RXT) and Rubrik, (RBRK) announced UK Sovereign Cyber Recovery Cloud, a new ransomware cyber recovery solution engineered to protect and restore UK public sector and regulated wor...

Other symbols: RBRK
2 months ago - TheFly

Rubrik and Rackspace Technology Launch UK Sovereign Cyber Recovery Cloud

LONDON, March 18, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, and Rubrik , (NYSE: RBRK), the Security and AI Operations C...

2 months ago - GlobeNewsWire

Rackspace Technology announces partnership with Uniphore

Rackspace Technology (RXT) announced a strategic partnership with Uniphore to deliver the industry’s first Infrastructure-to-Agents architecture, offered as an outcomes-based service. “For the first t...

2 months ago - TheFly

Rackspace and Uniphore Announce Strategic Partnership to Define a New Category of Infrastructure-to-Agents Architecture Accelerating Enterprise AI Adoption

Rackspace and Uniphore Announce Strategic Partnership to Define a New Category of Infrastructure-to-Agents Architecture Accelerating Enterprise AI Adoption

2 months ago - GlobeNewsWire

Rackspace Stock (RXT) Pulls Back After 68% Surge — Here’s Why

Rackspace Technology ($RXT) shares fell about 10% in early Friday trading after soaring roughly 68% in the prior session, as investors locked in profits following the sharp rally. The surge…

3 months ago - TipRanks

Rackspace Technology price target raised to $2.50 from $1.75 at RBC Capital

RBC Capital raised the firm’s price target on Rackspace Technology (RXT) to $2.50 from $1.75 and keeps a Sector Perform rating on the shares. The company’s Q4 results came in…

3 months ago - TheFly

Rackspace Technology Earnings Call Transcript: Q4 2025

Sharpened focus on enterprise AI and platform engineering drove public cloud outperformance and stabilized private cloud. 2026 guidance anticipates private cloud growth, public cloud services momentum, and improved profitability, despite contract transitions.

3 months ago - Transcripts

Rackspace Technology Annual report: Q4 2025

Rackspace Technology has published its Q4 2025 annual report on February 26, 2026.

3 months ago - Filings