Rackspace Technology Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Rackspace Technology stock have an average target of 2.15, with a low estimate of 2.00 and a high estimate of 2.30. The average target predicts an increase of 27.22% from the current stock price of 1.69.

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$2.00	$2.15	$2.30	$2.30
Change	+18.34%	+27.22%	+36.09%	+36.09%

* Price targets were last updated on Nov 18, 2024.

Analyst Ratings

The average analyst rating for Rackspace Technology stock from 2 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	1	0
Hold	4	4	4	4	4	1
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	0
Total	7	7	7	7	7	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ramsey El-Assal Barclays	Barclays	Sell Maintains $1 → $2	Sell	Maintains	$1 → $2	+18.34%	Nov 18, 2024
Kevin Mcveigh UBS	UBS	Hold Maintains $2.1 → $2.3	Hold	Maintains	$2.1 → $2.3	+36.09%	Aug 16, 2024
Daniel Perlin RBC Capital	RBC Capital	Hold Reiterates $3	Hold	Reiterates	$3	+77.51%	Mar 13, 2024
Frank Louthan Raymond James	Raymond James	Buy Maintains $3.5 → $3	Buy	Maintains	$3.5 → $3	+77.51%	Mar 13, 2024
Keith Bachman BMO Capital	BMO Capital	Hold Maintains $1.5 → $2.5	Hold	Maintains	$1.5 → $2.5	+47.93%	Mar 13, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.71B

from 2.74B

-0.95%

from 2.74B

Revenue Next Year

2.76B

from 2.71B

1.73%

from 2.71B

EPS This Year

-0.11

from -3.82

EPS Next Year

n/a

from -0.11

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.71B	3.01B	3.12B	2.96B	2.74B	2.71B	2.76B	2.85B
Revenue Growth	11.03%	11.17%	3.75%	-5.29%	-7.44%	-0.95%	1.73%	3.44%
EPS	-1.37	-1.05	-3.81	-3.89	-3.82	-0.11	-	0.13
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	12.87
No. Analysts	-	-	-	-	-	7	7	3

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

Revenue Forecast

Revenue	2025	2026	2027
High	2.9B	2.9B	3.0B
Avg	2.7B	2.8B	2.9B
Low	2.6B	2.6B	2.8B

Revenue Growth

Revenue Growth	2025	2026	2027
High	4.4%	7.6%	7.5%
Avg	-1.0%	1.7%	3.4%
Low	-4.9%	-3.1%	0.4%

EPS Forecast

EPS	2025	2026	2027
High	0.01	0.11	0.21
Avg	-0.11	-	0.13
Low	-0.22	-0.18	0.06

EPS Growth

EPS Growth	2025	2026	2027
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.