The average price target is $27.89, with a high forecast of $44.00 and a low forecast of $24.00. Why Rackspace Stock … See Rackspace Technology, Inc. (RXT) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Rackspace expects full-year adjusted earnings of 75 cents to 81 cents a share, while analysts had forecast 77 cents a share. Rackspace Technology Inc is in the bottom half of stocks based on the fundamental outlook for the stock and an analysis of the stock's chart. Rackspace expects full-year adjusted earnings of 75 cents to 81 cents a share, while analysts had forecast 77 cents a share. Learn about the latest financial forecast of RXT. Based on this estimate, we see that current price is roughly 17.88% off the estimated low and 62.08% off the forecast high. Rackspace Technology: Near-term gains being forecast. Analyze the recent business situations of Rackspace Technology, Inc. through EPS, BVPS, FPS, and other data. Rackspace Stock News module provides quick insight into current market opportunities from investing in Rackspace Hosting. Rackspace describes itself as an "end-to-end multi-cloud solutions expert." Forecasted annual earnings growth. The report will be for the fiscal Quarter ending Sep 2020. This price target is based on 9 analysts offering 12 month price targets for Rackspace Technology in the last 3 months. Rackspace Technology Reports Second Quarter 2020 Results. Based on 9 analysts. Rackspace soared 19% on Monday after a report from Reuters said that Amazon is eyeing a minority stake in the cloud services provider. Investors will no doubt be excited should the share price rise to $26, which is the median consensus price, and at which level RXT would be +27.7% from current price. How is Rackspace Technology forecast to perform in the next 1 to 3 years based on estimates from 7 analysts? Rackspace Hosting Stock Forecast is based on your current time horizon. What this means: InvestorsObserver gives Rackspace Technology Inc (RXT) an overall rank of 50, which is below average. Rackspace Hosting Inc reported better-than-expected quarterly revenue, helped by higher demand for its cloud management services, and it forecast current-quarter revenue above … Rackspace Technology Inc is in the bottom half of stocks based on the fundamental outlook for the stock and an analysis of the stock's chart. Rackspace Technology, Inc. is expected* to report earnings on 11/10/2020 after market close. Use historical and current headlines to determine the investment entry and exit points. Analysts covering Rackspace Technology Inc currently have a consensus Earnings Per Share (EPS) forecast of 0.795 for the next financial year. S&P 500 positive for week after July jobs surge. Information is provided 'as-is' and solely for info Anders Bylund | Aug 9, 2016. This represents a forecast CAGR of 14.9% from 2020 to 2027. RXT Stock Analysis Overview . Rackspace Technology, Inc. Common Stock (RXT) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 2020 Performance. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.18. However, solely looking at the historical price movement is usually misleading. Aug 5, 2016 3:41 PM EDT. This tab is accessible for My Barchart and Barchart Premier members. I Know First in the Media; I Know First on the Web; I Know First on TV; I Know First Presentations; Press Releases; Algorithmic Performance. Investors can use this forecasting interface to forecast Rackspace Technology historical stock prices and determine the direction of Rackspace Technology's future trends based on various well-known forecasting models. Analyst Future Growth Forecasts. This information may help you make smarter investment decisions. 112.4%. Rackspace (rax) stock surges on $3.5 billion apollo global deal speculation. The post Rackspace Technology Earnings: RXT Stock Fal... GlobeNewsWire - 3 months ago. At Monday’s close, Rackspace’s stock was … Rackspace Stock Forecast Rackspace Hosting, Inc., provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. What this means: InvestorsObserver gives Rackspace Technology Inc (RXT) an overall rank of 35, which is below average. Shares in Rackspace Technology Inc are currently priced at $17.96. The average equity rating for RXT stock is currently 1.90, trading closer to a bullish pattern in the stock market. Rackspace Hosting Inc stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. Since that time, the stock has not gained traction … The Motley Fool - 3 months ago. Earnings and Revenue Growth Forecasts . Rackspace Technology's earnings in 2020 is N/A.On average, 2 Wall Street analysts forecast RXT's earnings for 2020 to be $156,260,045, with the lowest RXT earnings forecast at $15 Stock splits: Houston American Energy (NYSEMKT:HUSA) is due to fire off a 1-for-12.5 reverse stock split on August 3. The market cap for the stock reached $3.44 billion, with 202.27 million shares outstanding and 198.04 million shares in the current float. Investors can use this forecasting interface to forecast Rackspace Hosting historical stock prices and determine the direction of Rackspace Hosting's future trends based on various well-known forecasting models. Founded in 1998 by three Trinity University classmates, Rackspace is a global company headquartered in San Antonio, Texas, with more than 200,000 customers and $1.5 billion in annual revenue. 1. Also over 12 million shares had moved as of 12:30 p.m. Eastern. Rackspace stock was last seen down about 18% at $17.23, in a range of $16.10 to $17.39 on the day thus far. MARKETS. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation. Buy. The one-year Rackspace Technology Inc. stock forecast points to a potential upside of 38.6. RXT Stock Analysis Overview . Analyst Rating. By Annie Palmer. Find the latest Rackspace Technology, Inc. (RXT) stock quote, history, news and other vital information to help you with your stock trading and investing. Forecast Spread: 2 438: 2 666: Operating income (EBITDA) M $ Released Forecast Spread: 758: Operating profit (EBIT) M $ Released Forecast Spread: 460: Pre-Tax Profit (EBT) M $ Released Forecast Spread-130: Net income M $ Released Forecast Spread-113: EPS $ Released Forecast Spread-7,43-0,58: Announcement Date: 05/06/2020 Earnings vs Savings Rate: RXT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%). Company profile page for Rackspace Technology Global Inc including stock price, company news, press releases, executives, board members, and contact information The average price target represents a 47.64% upside from the last price of $18.89. Rackspace stock lost almost half of its value after larger companies introduced cheaper cloud alternatives. Rackspace Hosting and Wayfair stocks made big moves, even as indexes ran in place on Tuesday. Rackspace Technology Stock Forecast is based on your current time horizon. Rackspace Technology Inc Stock Price Forecast, "RXT" Predictons for2021 Tech Stocks Forecast; Conservative Stock Forecast; Small Cap Forecast; In The News. Rackspace left the public market in 2016 following a $4.3 billion deal with the private equity firm Apollo Global Management. Find the latest Earnings Report Date for Rackspace Technology, Inc. Common Stock (RXT) at Nasdaq.com. At that level they are trading at 60.18% discount to the analyst consensus target price of 0.00. 1 - Stopped Stock (Regular Trade) 4 - Derivatively Priced; 5 - Re-Opening Prints ; 6 - Closing Prints ; 8 - Placeholder for 611 Exempt; 9 - Corrected Consolidated Close (per listing market) Corporate Actions. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. However, solely looking at the historical price movement is usually misleading. Rackspace has existed since 1998, and it made its second attempt at going public in August. 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