Rackspace Technology, Inc. (RXT)
NASDAQ: RXT · Real-Time Price · USD
2.900
+0.020 (0.69%)
At close: Feb 21, 2025, 4:00 PM
2.870
-0.030 (-1.03%)
After-hours: Feb 21, 2025, 5:56 PM EST
Rackspace Technology Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Rackspace Technology stock have an average target of 2.47, with a low estimate of 2.00 and a high estimate of 3.00. The average target predicts a decrease of -14.83% from the current stock price of 2.90.
Analyst Consensus: Hold
* Price targets were last updated on Nov 18, 2024.
Analyst Ratings
The average analyst rating for Rackspace Technology 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| 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 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Sell Maintains $1 → $2 | Sell | Maintains | $1 → $2 | -31.03% | Nov 18, 2024 |
| UBS | UBS | Hold Maintains $2.1 → $2.3 | Hold | Maintains | $2.1 → $2.3 | -20.69% | Aug 16, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $3 | Hold | Reiterates | $3 | +3.45% | Mar 13, 2024 |
| Raymond James | Raymond James | Buy Maintains $3.5 → $3 | Buy | Maintains | $3.5 → $3 | +3.45% | Mar 13, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $1.5 → $2.5 | Hold | Maintains | $1.5 → $2.5 | -13.79% | Mar 13, 2024 |
Financial Forecast
Revenue This Year
2.75B
from 2.96B
Decreased by -6.87%
Revenue Next Year
2.73B
from 2.75B
Decreased by -0.98%
EPS This Year
-0.28
from -3.89
EPS Next Year
-0.12
from -0.28
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 2.9B | 2.9B | 3.1B | ||
| Avg | 2.8B | 2.7B | 2.9B | ||
| Low | 2.7B | 2.6B | 2.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | -3.2% | 6.0% | 12.1% | ||
| Avg | -6.9% | -1.0% | 5.4% | ||
| Low | -9.7% | -6.1% | -0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.28 | -0.01 | 0.11 |
| Avg | -0.28 | -0.12 | 0.06 |
| Low | -0.27 | -0.22 | 0.02 |
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.