Rackspace Technology, Inc. (RXT)
NASDAQ: RXT · Real-Time Price · USD
2.380
+0.060 (2.58%)
Nov 21, 2024, 3:54 PM EST - Market closed
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 -3.78% from the current stock price of 2.38.
Analyst Consensus: Hold
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 |
---|---|---|---|---|---|---|---|
Barclays | Barclays | Sell Maintains $1 → $2 | Sell | Maintains | $1 → $2 | -15.97% | Nov 18, 2024 |
UBS | UBS | Hold Maintains $2.1 → $2.3 | Hold | Maintains | $2.1 → $2.3 | -3.36% | Aug 16, 2024 |
RBC Capital | RBC Capital | Hold Reiterates $3 | Hold | Reiterates | $3 | +26.05% | Mar 13, 2024 |
Raymond James | Raymond James | Buy Maintains $3.5 → $3 | Buy | Maintains | $3.5 → $3 | +26.05% | Mar 13, 2024 |
BMO Capital | BMO Capital | Hold Maintains $1.5 → $2.5 | Hold | Maintains | $1.5 → $2.5 | +5.04% | Mar 13, 2024 |
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
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.