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
Target Low Average Median High
Price $1.00 $2.02 $2.00 $3.00
Change -36.71% +27.85% +26.58% +89.87%

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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 000000
Buy 211111
Hold 233334
Sell 111111
Strong Sell 111111
Total 666667

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
More Analyst Ratings

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
Year 20192020202120222023202420252028
Revenue
2.44B2.71B3.01B3.12B2.96B2.90B2.99B3.49B
Revenue Growth
-0.60%11.03%11.17%3.75%-5.29%-2.10%3.18%16.67%
EPS
-0.62-1.37-1.05-3.81-3.89-0.060.06-
EPS Growth
--------
No. Analysts -----732
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252028
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 202420252028
High
3.4%
8.6%
21.3%
Avg
-2.1%
3.2%
16.7%
Low
-7.2%
-1.1%
13.2%

EPS Forecast

EPS 20242025
High 0.02 0.11
Avg -0.06 0.06
Low -0.11 0.02

EPS Growth

EPS Growth 20242025
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.