Rackspace Technology, Inc. (RXT)

Rackspace Technology Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for RXT stock have an average target of 2.29, with a low estimate of 1.25 and a high estimate of 3.00. The average target predicts a decrease of -11.24% from the current stock price of 2.58.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$1.25	$2.29	$2.30	$3.00
Change	-51.55%	-11.24%	-10.85%	+16.28%

Analyst Ratings

The average analyst rating for RXT stock from 7 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	1	1
Hold	4	4	4	4	4	4
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	7	7	7	7	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ramsey El-Assal Barclays	Barclays	Sell Maintains $1 → $2	Sell	Maintains	$1 → $2	-22.48%	Nov 18, 2024
Kevin Mcveigh UBS	UBS	Hold Maintains $2.1 → $2.3	Hold	Maintains	$2.1 → $2.3	-10.85%	Aug 16, 2024
Daniel Perlin RBC Capital	RBC Capital	Hold Reiterates $3	Hold	Reiterates	$3	+16.28%	Mar 13, 2024
Frank Louthan Raymond James	Raymond James	Buy Maintains $3.5 → $3	Buy	Maintains	$3.5 → $3	+16.28%	Mar 13, 2024
Keith Bachman BMO Capital	BMO Capital	Hold Maintains $1.5 → $2.5	Hold	Maintains	$1.5 → $2.5	-3.10%	Mar 13, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.75B

Decreased by -7.04%

from 2.96B

Revenue Next Year

2.78B

Increased by 0.95%

from 2.75B

EPS This Year

-0.32

from -3.89

EPS Next Year

-0.12

from -0.32

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	2.44B	2.71B	3.01B	3.12B	2.96B	2.75B	2.78B	2.88B
Revenue Growth	-0.60%	11.03%	11.17%	3.75%	-5.29%	-7.04%	0.95%	3.60%
EPS	-0.62	-1.37	-1.05	-3.81	-3.89	-0.32	-0.12	0.06
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	46.44
No. Analysts	-	-	-	-	-	7	7	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2028
High	2.9B	2.9B	3.1B
Avg	2.7B	2.8B	2.9B
Low	2.7B	2.6B	2.7B

Revenue Growth

Revenue Growth	2024	2025	2026	2028
High	-2.9%	7.2%	10.1%
Avg	-7.0%	0.9%	3.6%
Low	-10.2%	-5.2%	-1.7%

EPS Forecast

EPS	2024	2025	2026
High	-0.29	-0.01	0.06
Avg	-0.32	-0.12	0.06
Low	-0.34	-0.27	0.05

EPS Growth

EPS Growth	2024	2025	2026
High	-	-	-
Avg	-	-	-
Low	-	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.