Rackspace Technology, Inc. (RXT)
NASDAQ: RXT · Real-Time Price · USD
2.400
+0.070 (3.00%)
At close: Nov 4, 2024, 4:00 PM
2.420
+0.020 (0.83%)
Pre-market: Nov 5, 2024, 8:19 AM EST

Rackspace Technology Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for RXT stock have an average target of 2.34, with a low estimate of 1.25 and a high estimate of 3.00. The average target predicts a decrease of -2.50% from the current stock price of 2.40.

Analyst Consensus: Hold
Target Low Average Median High
Price $1.25 $2.34 $2.50 $3.00
Change -47.92% -2.50% +4.17% +25.00%
* Price targets were last updated on Aug 16, 2024.

Analyst Ratings

The average analyst rating for RXT stock from 6 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 000000
Buy 111111
Hold 444444
Sell 111110
Strong Sell 111111
Total 777776

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
UBS
UBS
Hold
Maintains
$2.1$2.3
Hold Maintains $2.1$2.3 -4.17% Aug 16, 2024
RBC Capital
RBC Capital
Hold
Reiterates
$3
Hold Reiterates $3 +25.00% Mar 13, 2024
Raymond James
Raymond James
Buy
Maintains
$3.5$3
Buy Maintains $3.5$3 +25.00% Mar 13, 2024
BMO Capital
BMO Capital
Hold
Maintains
$1.5$2.5
Hold Maintains $1.5$2.5 +4.17% Mar 13, 2024
Evercore ISI Group
Evercore ISI Group
Hold
Maintains
$3$2
Hold Maintains $3$2 -16.67% Mar 13, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
2.75B
from 2.96B
Decreased by -7.04%
Revenue Next Year
2.78B
from 2.75B
Increased by 0.95%
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
2.44B2.71B3.01B3.12B2.96B2.75B2.78B2.88B
Revenue Growth
-0.60%11.03%11.17%3.75%-5.29%-7.04%0.95%3.60%
EPS
-0.62-1.37-1.05-3.81-3.89-0.32-0.120.06
EPS Growth
--------
Forward PE
-------43.20
No. Analysts -----773
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262028
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 2024202520262028
High
-2.9%
7.2%
10.1%
Avg
-7.0%
0.9%
3.6%
Low
-10.2%
-5.2%
-1.7%

EPS Forecast

EPS 202420252026
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 202420252026
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.