Rackspace Technology, Inc. (RXT)
NASDAQ: RXT · IEX Real-Time Price · USD
2.490
-0.060 (-2.35%)
At close: Jul 19, 2024, 4:00 PM
2.530
+0.040 (1.61%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Rackspace Technology Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for RXT stock have an average target of 2.02, with a low estimate of 1.00 and a high estimate of 3.00. The average target predicts a decrease of -18.88% from the current stock price of 2.49.
Analyst Consensus: Hold
* Price targets were last updated on Mar 13, 2024.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 4 | 4 | 4 | 4 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 6 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Reiterates $3 | Hold | Reiterates | $3 | +20.48% | Mar 13, 2024 |
| Raymond James | Raymond James | Buy Maintains $3.5 → $3 | Buy | Maintains | $3.5 → $3 | +20.48% | Mar 13, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $1.5 → $2.5 | Hold | Maintains | $1.5 → $2.5 | +0.40% | Mar 13, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $3 → $2 | Hold | Maintains | $3 → $2 | -19.68% | Mar 13, 2024 |
| Citigroup | Citigroup | Strong Sell Maintains $1.5 → $1.25 | Strong Sell | Maintains | $1.5 → $1.25 | -49.80% | Nov 20, 2023 |
Financial Forecast
Revenue This Year
2.75B
from 2.96B
Decreased by -7.17%
Revenue Next Year
2.78B
from 2.75B
Increased by 1.17%
EPS This Year
-0.34
from -3.89
EPS Next Year
-0.11
from -0.34
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2028 |
|---|---|---|---|---|
| High | 2.9B | 2.9B | 3.1B | 3.6B |
| Avg | 2.7B | 2.8B | 2.9B | 3.5B |
| Low | 2.7B | 2.6B | 2.8B | 3.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2028 |
|---|---|---|---|---|
| High | -3.1% | 7.3% | 10.0% | 24.7% |
| Avg | -7.2% | 1.2% | 4.6% | 19.9% |
| Low | -10.2% | -5.3% | 0.4% | 16.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.28 | -0.01 | 0.09 |
| Avg | -0.34 | -0.11 | 0.07 |
| Low | -0.35 | -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.