Rackspace Technology, Inc. (RXT)
NASDAQ: RXT · IEX Real-Time Price · USD
1.580
0.00 (0.00%)
At close: Mar 28, 2024, 4:00 PM
1.600
+0.020 (1.27%)
After-hours: Mar 28, 2024, 7:50 PM 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 an increase of 27.85% from the current stock price of 1.58.
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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Buy | 2 | 1 | 1 | 1 | 1 | 1 |
Hold | 2 | 3 | 3 | 3 | 3 | 4 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Total | 6 | 6 | 6 | 6 | 6 | 7 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Raymond James | Raymond James | Buy Maintains $3.5 → $3 | Buy | Maintains | $3.5 → $3 | +89.87% | Mar 13, 2024 |
RBC Capital | RBC Capital | Hold Reiterates $3 | Hold | Reiterates | $3 | +89.87% | Mar 13, 2024 |
BMO Capital | BMO Capital | Hold Maintains $1.5 → $2.5 | Hold | Maintains | $1.5 → $2.5 | +58.23% | Mar 13, 2024 |
Evercore ISI Group | Evercore ISI Group | Hold Maintains $3 → $2 | Hold | Maintains | $3 → $2 | +26.58% | Mar 13, 2024 |
Citigroup | Citigroup | Strong Sell Maintains $1.5 → $1.25 | Strong Sell | Maintains | $1.5 → $1.25 | -20.89% | Nov 20, 2023 |
Financial Forecast
Revenue This Year
2.90B
from 2.96B
Decreased by -2.10%
Revenue Next Year
2.99B
from 2.90B
Increased by 3.18%
EPS This Year
-0.06
from -3.89
EPS Next Year
0.06
from -0.06
Revenue Forecast
Revenue | 2024 | 2025 | 2028 |
---|---|---|---|
High | 3.1B | 3.1B | 3.6B |
Avg | 2.9B | 3.0B | 3.5B |
Low | 2.7B | 2.9B | 3.4B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2028 |
---|---|---|---|
High | 3.4% | 8.6% | 21.3% |
Avg | -2.1% | 3.2% | 16.7% |
Low | -7.2% | -1.1% | 13.2% |
EPS Forecast
EPS | 2024 | 2025 |
---|---|---|
High | 0.02 | 0.11 |
Avg | -0.06 | 0.06 |
Low | -0.11 | 0.02 |
EPS Growth
EPS Growth | 2024 | 2025 |
---|---|---|
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.