Rackspace Technology (NASDAQ:RXT – Get Free Report) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $(0.05)-$(0.03) for the period, compared to the consensus earnings per share estimate of ($0.04). The company issued revenue guidance of $710-720 million, compared to the consensus revenue estimate […]
Raymond James upgraded shares of Rackspace Technology (NASDAQ:RXT – Free Report) from a market perform rating to an outperform rating in a research note released on Tuesday, MarketBeat reports. The firm currently has $3.50 target price on the stock. Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their target price […]
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Rackspace Technology (NASDAQ:RXT – Get Free Report) was downgraded by analysts at Citigroup from a “neutral” rating to a “sell” rating in a report released on Tuesday, Marketbeat.com reports. They currently have a $1.50 price target on the stock, up from their prior price target of $1.25. Citigroup’s price objective would indicate a potential downside […]
Rackspace Technology, Inc. (NASDAQ:RXT – Get Free Report) shares rose 9.7% during trading on Wednesday . The stock traded as high as $2.96 and last traded at $2.95. Approximately 437,342 shares were traded during trading, a decline of 76% from the average daily volume of 1,818,877 shares. The stock had previously closed at $2.69. Analysts […]