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Rackspace (RXT) Stock Forecast, Price Target & Predictions

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RXT Stock Forecast

Rackspace stock forecast is as follows: an average price target of $3.33 (represents a 40.51% upside from RXT’s last price of $2.37) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

RXT Price Target

The average price target for Rackspace (RXT) is $3.33 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $5.00 to $1.80. This represents a potential 40.51% upside from RXT's last price of $2.37.

RXT Analyst Ratings

Buy

According to 10 Wall Street analysts, Rackspace's rating consensus is 'Buy'. The analyst rating breakdown for RXT stock is 0 'Strong Buy' (0.00%), 4 'Buy' (40.00%), 3 'Hold' (30.00%), 3 'Sell' (30.00%), and 0 'Strong Sell' (0.00%).

Rackspace Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 13, 2024Keith BachmanBMO Capital$3.50$2.2555.56%47.68%
May 10, 2024Kevin McVeighUBS$1.80$1.94-7.25%-24.05%
Mar 13, 2024Frank LouthanRaymond James$3.00$1.7967.60%26.58%
Mar 13, 2024Keith BachmanBMO Capital$2.50$1.7939.66%5.49%
Sep 19, 2023Frank LouthanRaymond James$3.50$1.48136.49%47.68%
Jul 17, 2022Ramsey El-AssalBarclays$5.00$5.99-16.53%110.97%
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The latest Rackspace stock forecast, released on Nov 13, 2024 by Keith Bachman from BMO Capital, set a price target of $3.50, which represents a 55.56% increase from the stock price at the time of the forecast ($2.25), and a 47.68% increase from RXT last price ($2.37).

Rackspace Price Target by Period

1M3M12M
# Anlaysts114
Avg Price Target$3.50$3.50$2.70
Last Closing Price$2.37$2.37$2.37
Upside/Downside47.68%47.68%13.92%

In the current month, the average price target of Rackspace stock is $3.50, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 47.68% increase as opposed to Rackspace's last price of $2.37. This month's average price target is down 0.00% compared to last quarter, and up 29.63% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024JefferiesHoldHoldHold
May 16, 2024BMO CapitalMarket PerformMarket PerformHold
May 10, 2024UBSNeutralNeutralHold
Mar 13, 2024Raymond JamesOutperformOutperformHold
Mar 12, 2024BMO CapitalMarket PerformMarket PerformHold
Mar 12, 2024CitigroupSellSellHold
Mar 12, 2024BarclaysUnderweightUnderweightHold
Sep 19, 2023Raymond JamesMarket PerformOutperformUpgrade
Dec 19, 2022BarclaysUnderweightUnderweightHold
Oct 03, 2022BarclaysUnderweightUnderweightHold
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Rackspace's last stock rating was published by Jefferies on Oct 30, 2024. The company gave RXT a "Hold" rating, the same as its previous rate.

Rackspace Financial Forecast

Rackspace Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Revenue------------$719.70M$732.40M$746.30M$758.70M$787.00M$787.60M$772.20M$775.50M$777.30M$762.50M$743.80M$725.90M$716.20M$681.70M$656.50M
Avg Forecast$742.11M$727.16M$725.47M$715.27M$696.29M$683.97M$675.80M$662.32M$674.98M$675.14M$673.60M$684.21M$714.74M$726.92M$730.44M$757.26M$776.31M$772.93M$784.73M$774.49M$771.22M$755.95M$741.60M$721.94M$705.06M$670.19M$656.54M
High Forecast$747.31M$732.26M$730.56M$720.28M$701.18M$688.77M$680.54M$666.97M$679.71M$679.88M$678.32M$684.21M$719.75M$726.92M$735.57M$762.57M$781.76M$772.93M$784.73M$774.49M$771.22M$755.95M$741.60M$721.94M$705.06M$670.19M$656.54M
Low Forecast$734.41M$719.62M$717.94M$707.85M$689.07M$676.88M$668.79M$655.46M$667.98M$668.14M$666.61M$684.21M$707.33M$726.91M$722.87M$749.40M$768.26M$772.93M$784.73M$774.49M$771.22M$755.95M$741.60M$721.94M$705.06M$670.19M$656.54M
# Analysts111111122111311111111111111
Surprise %------------1.01%1.01%1.02%1.00%1.01%1.02%0.98%1.00%1.01%1.01%1.00%1.01%1.02%1.02%1.00%

Rackspace's average Quarter revenue forecast for Mar 24 based on 1 analysts is $684.21M, with a low forecast of $684.21M, and a high forecast of $684.21M. RXT's average Quarter revenue forecast represents a -4.93% decrease compared to the company's last Quarter revenue of $719.70M (Dec 23).

Rackspace EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts111111122111311111111111111
EBITDA------------$75.80M$77.60M$61.50M$74.00M$-5.00M$93.20M$110.60M$133.20M$25.80M$117.50M$131.00M$106.10M$93.70M$80.90M$159.50M
Avg Forecast$71.71M$70.27M$70.10M$69.12M$67.28M$66.09M$65.30M$64.00M$65.22M$65.24M$65.09M$116.15M$69.07M$70.24M$70.58M$105.59M$97.09M$138.59M$126.00M$138.87M$138.28M$135.54M$132.97M$96.00M$126.42M$120.17M$109.66M
High Forecast$72.21M$70.76M$70.59M$69.60M$67.76M$66.56M$65.76M$64.45M$65.68M$65.70M$65.55M$139.39M$69.55M$70.24M$71.08M$126.71M$116.51M$138.59M$151.20M$138.87M$138.28M$135.54M$132.97M$115.19M$126.42M$120.17M$131.59M
Low Forecast$70.97M$69.54M$69.38M$68.40M$66.59M$65.41M$64.63M$63.34M$64.55M$64.56M$64.42M$92.92M$68.35M$70.24M$69.85M$84.48M$77.67M$138.59M$100.80M$138.87M$138.28M$135.54M$132.97M$76.80M$126.42M$120.17M$87.72M
Surprise %------------1.10%1.10%0.87%0.70%-0.05%0.67%0.88%0.96%0.19%0.87%0.99%1.11%0.74%0.67%1.45%

1 analysts predict RXT's average Quarter EBITDA for Mar 24 to be $116.15M, with a high of $139.39M and a low of $92.92M. This is 53.24% upper than Rackspace's previous annual EBITDA (Dec 23) of $75.80M.

Rackspace Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts111111122111311111111111111
Net Income------------$28.00M$-226.60M$-27.20M$-612.00M$-214.00M$-511.70M$-40.60M$-38.50M$-82.90M$-34.80M$-36.60M$-64.00M$-63.80M$-101.20M$-32.60M
Avg Forecast$9.70M$6.87M$4.98M$1.28M$1.64M$-1.13M$-6.71M$-16.99M$-8.59M$-16.80M$-24.04M$-70.06M$-8.68M$-10.52M$-17.77M$-63.70M$-87.39M$19.94M$-38.06M$47.49M$55.33M$55.28M$41.97M$-57.90M$52.48M$41.11M$-22.41M
High Forecast$9.79M$6.93M$5.02M$1.29M$1.66M$-1.11M$-6.62M$-16.76M$-8.47M$-16.58M$-23.72M$-56.05M$-8.56M$-10.37M$-17.53M$-50.96M$-69.91M$19.94M$-30.45M$47.49M$55.33M$55.28M$41.97M$-46.32M$52.48M$41.11M$-17.93M
Low Forecast$9.57M$6.77M$4.91M$1.26M$1.62M$-1.14M$-6.78M$-17.14M$-8.67M$-16.96M$-24.26M$-84.08M$-8.76M$-10.61M$-17.94M$-76.43M$-104.87M$19.94M$-45.67M$47.49M$55.33M$55.28M$41.97M$-69.49M$52.48M$41.11M$-26.89M
Surprise %-------------3.23%21.55%1.53%9.61%2.45%-25.66%1.07%-0.81%-1.50%-0.63%-0.87%1.11%-1.22%-2.46%1.45%

Rackspace's average Quarter net income forecast for Mar 24 is $-70.06M, with a range of $-84.08M to $-56.05M. RXT's average Quarter net income forecast represents a -350.23% decrease compared to the company's last Quarter net income of $28.00M (Dec 23).

Rackspace SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts111111122111311111111111111
SG&A------------$165.50M$177.30M$216.90M$207.50M$210.30M$219.90M$220.00M$205.10M$208.60M$234.60M$232.60M$231.00M$252.20M$260.50M$219.20M
Avg Forecast$232.00M$227.33M$226.80M$223.61M$217.68M$213.83M$211.27M$207.06M$211.02M$211.07M$210.59M$252.89M$223.45M$227.25M$228.36M$229.90M$219.90M$230.94M$206.25M$231.40M$230.43M$225.87M$221.58M$209.00M$210.66M$200.24M$150.70M
High Forecast$233.63M$228.92M$228.39M$225.18M$219.21M$215.33M$212.76M$208.51M$212.50M$212.55M$212.06M$303.47M$225.01M$227.26M$229.96M$275.88M$263.88M$230.94M$247.50M$231.40M$230.43M$225.87M$221.58M$250.80M$210.66M$200.24M$180.84M
Low Forecast$229.60M$224.97M$224.45M$221.29M$215.42M$211.61M$209.08M$204.91M$208.83M$208.88M$208.40M$202.31M$221.13M$227.25M$225.99M$183.92M$175.92M$230.94M$165.00M$231.40M$230.43M$225.87M$221.58M$167.20M$210.66M$200.24M$120.56M
Surprise %------------0.74%0.78%0.95%0.90%0.96%0.95%1.07%0.89%0.91%1.04%1.05%1.11%1.20%1.30%1.45%

Rackspace's average Quarter SG&A projection for Mar 24 is $252.89M, based on 1 Wall Street analysts, with a range of $202.31M to $303.47M. The forecast indicates a 52.80% rise compared to RXT last annual SG&A of $165.50M (Dec 23).

Rackspace EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts111111122111311111111111111
EPS------------$0.13$-1.05$-0.13$-2.87$-1.01$-2.43$-0.19$-0.18$-0.39$-0.17$-0.18$-0.31$-0.32$-0.54$-0.16
Avg Forecast$0.04$0.03$0.02$0.01$0.01$-0.00$-0.03$-0.08$-0.04$-0.07$-0.11$-0.13$-0.04$-0.05$-0.08$-0.03$0.05$0.09$0.16$0.21$0.24$0.24$0.18$0.21$0.23$0.18$0.19
High Forecast$0.04$0.03$0.02$0.01$0.01$-0.00$-0.03$-0.07$-0.04$-0.07$-0.10$-0.13$-0.04$-0.05$-0.08$-0.03$0.05$0.09$0.16$0.21$0.24$0.24$0.18$0.21$0.23$0.18$0.19
Low Forecast$0.04$0.03$0.02$0.01$0.01$-0.01$-0.03$-0.08$-0.04$-0.07$-0.11$-0.13$-0.04$-0.05$-0.08$-0.03$0.05$0.09$0.16$0.21$0.24$0.24$0.18$0.21$0.23$0.18$0.19
Surprise %-------------3.39%22.60%1.66%110.14%-19.95%-27.98%-1.21%-0.87%-1.62%-0.71%-0.98%-1.47%-1.40%-3.02%-0.85%

According to 1 Wall Street analysts, Rackspace's projected average Quarter EPS for Mar 24 is $-0.13, with a low estimate of $-0.13 and a high estimate of $-0.13. This represents a -202.14% decrease compared to RXT previous annual EPS of $0.13 (Dec 23).

Rackspace Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
STEMStem$0.34$7.722170.59%Hold
ALARAlarum$12.93$28.00116.55%Buy
GCTGigaCloud$24.15$50.00107.04%Buy
ARQQArqit Quantum$7.39$14.0089.45%Buy
RAMPLiveRamp$28.51$42.0047.32%Buy
TENBTenable$40.79$58.2542.80%Buy
PGYPagaya$8.62$12.1941.42%Buy
RXTRackspace$2.37$3.3340.51%Buy
CINTCI&T$6.66$7.8618.02%Buy
NEWRNew Relic$86.99$86.38-0.70%Buy
SSentinelOne$27.62$26.64-3.55%Buy
NTNXNutanix$68.44$63.23-7.61%Buy
YEXTYext$7.79$7.19-7.70%Buy
AFRMAffirm$63.96$46.29-27.63%Buy

RXT Forecast FAQ

Is Rackspace a good buy?

Yes, according to 10 Wall Street analysts, Rackspace (RXT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 40.00% of RXT's total ratings.

What is RXT's price target?

Rackspace (RXT) average price target is $3.33 with a range of $1.8 to $5, implying a 40.51% from its last price of $2.37. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Rackspace stock go up soon?

According to Wall Street analysts' prediction for RXT stock, the company can go up by 40.51% (from the last price of $2.37 to the average price target of $3.33), up by 110.97% based on the highest stock price target, and down by -24.05% based on the lowest stock price target.

Can Rackspace stock reach $4?

RXT's highest twelve months analyst stock price target of $5 supports the claim that Rackspace can reach $4 in the near future.

What is Rackspace's current price target trend?

1 Wall Street analyst forecast a $3.5 price target for Rackspace (RXT) this month, up 47.68% from its last price of $2.37. Compared to the last 3 and 12 months, the average price target increased by 47.68% and increased by 13.92%, respectively.

What are Rackspace's analysts' financial forecasts?

Rackspace's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.72B (high $2.74B, low $2.69B), average EBITDA is $262.68M (high $264.52M, low $259.96M), average net income is $-23.192M (high $-22.843M, low $-23.441M), average SG&A $849.84M (high $855.8M, low $841.03M), and average EPS is $-0.102 (high $-0.101, low $-0.104). RXT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.91B (high $2.93B, low $2.88B), average EBITDA is $281.2M (high $283.17M, low $278.28M), average net income is $22.83M (high $23.03M, low $22.52M), average SG&A $909.75M (high $916.13M, low $900.31M), and average EPS is $0.101 (high $0.102, low $0.0995).

Did the RXT's actual financial results beat the analysts' financial forecasts?

Based on Rackspace's last annual report (Dec 2023), the company's revenue was $2.96B, beating the average analysts forecast of $2.93B by 0.95%. Apple's EBITDA was $304.5M, missing the average prediction of $315.49M by -3.48%. The company's net income was $-838M, beating the average estimation of $-101M by 732.28%. Apple's SG&A was $767.2M, missing the average forecast of $908.96M by -15.60%. Lastly, the company's EPS was $-3.89, beating the average prediction of $-0.189 by 1954.48%. In terms of the last quarterly report (Dec 2023), Rackspace's revenue was $719.7M, beating the average analysts' forecast of $714.74M by 0.69%. The company's EBITDA was $75.8M, beating the average prediction of $69.07M by 9.75%. Rackspace's net income was $28M, missing the average estimation of $-8.677M by -422.68%. The company's SG&A was $165.5M, missing the average forecast of $223.45M by -25.93%. Lastly, the company's EPS was $0.13, missing the average prediction of $-0.0383 by -439.18%