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Rackspace (RXT) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

RXT Stock Forecast

Rackspace (RXT) stock forecast, based on 10 Wall Street analysts, predicts a 12-month average price target of $3.50, with a high of $3.50 and a low of $3.50. This represents a 47.68% increase from the last price of $2.37.

High: $3.5 Avg: $3.5 Low: $3.5 Last Closed Price: $2.37

RXT Stock Rating

Rackspace stock's rating consensus is Buy, based on 10 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 4 Buy (40.00%), 3 Hold (30.00%), 3 Sell (30.00%), and 0 Strong Sell (0.00%).

Buy
Total 10 0 3 3 4 Strong Sell Sell Hold Buy Strong Buy

RXT Forecast vs Benchmarks

TypeNameUpside
StockRackspace47.68%
SectorTechnology Stocks 13.03%

Price Target Trends

1M3M12M
# Anlaysts-14
Avg Price Target-$3.50$2.70
Last Closing Price$2.37$2.37$2.37
Upside/Downside-47.68%13.92%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 251-4-16
Dec, 241-4-16
Nov, 24114118
Oct, 24114118
Sep, 24114118
Latest Price Target by Analysts
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$1.94-7.22%-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%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Nov 13, 2024BMO CapitalMarket PerformMarket Performhold
Oct 30, 2024JefferiesHoldHoldhold
May 16, 2024BMO CapitalMarket PerformMarket Performhold
May 10, 2024UBSNeutralNeutralhold
Mar 13, 2024Raymond JamesOutperformOutperformhold
Mar 12, 2024BarclaysUnderweightUnderweighthold
Sep 19, 2023Raymond JamesMarket PerformOutperformupgrade
Dec 19, 2022BarclaysUnderweightUnderweighthold
Oct 03, 2022BarclaysUnderweightUnderweighthold
Aug 16, 2022NeedhamUnderweightdowngrade

Financial Forecast

EPS Forecast

$-4 $-3 $-2 $-1 $0 $1 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$-1.37$-1.05$-3.81$-3.89---
Avg Forecast$0.80$0.97$0.53$-0.16$-0.28$-0.11$0.06
High Forecast$0.79$0.96$0.53$-0.16$-0.28$-0.11$0.06
Low Forecast$0.80$0.97$0.54$-0.16$-0.27$-0.11$0.06
Surprise %-271.25%-208.25%-818.87%2331.25%---

Revenue Forecast

$3B $3B $3B $3B $3B $3B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$2.71B$3.01B$3.12B$2.96B---
Avg Forecast$2.70B$3.00B$3.11B$2.95B$2.73B$2.70B$2.91B
High Forecast$2.67B$2.97B$3.09B$2.92B$2.70B$2.67B$2.91B
Low Forecast$2.71B$3.02B$3.14B$2.99B$2.77B$2.74B$2.91B
Surprise %0.41%0.19%0.38%0.17%---

Net Income Forecast

$-2B $-1B $-700M $-300M $100M $500M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$-245.80M$-218.30M$-804.80M$-837.80M---
Avg Forecast$171.29M$-205.71M$115.12M$-837.80M$-59.37M$-24.10M$13.09M
High Forecast$169.07M$-246.85M$113.96M$-1.01B$-60.37M$-24.50M$12.87M
Low Forecast$172.57M$-164.57M$116.57M$-670.24M$-58.37M$-23.69M$13.31M
Surprise %-243.50%6.12%-799.10%----

RXT Forecast FAQ

Is Rackspace stock a buy?

Rackspace stock has a consensus rating of Buy, based on 10 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 4 Buy, 3 Hold, 3 Sell, and 0 Strong Sell, reflecting a consensus that Rackspace is a favorable investment for most analysts.

What is Rackspace's price target?

Rackspace's price target, set by 10 Wall Street analysts, averages $3.5 over the next 12 months. The price target range spans from $3.5 at the low end to $3.5 at the high end, suggesting a potential 47.68% change from the previous close price of $2.37.

How does Rackspace stock forecast compare to the average forecast of its sector, industry, and investment themes?

Rackspace stock forecast shows a 47.68% upside, outperforming the average forecast for the technology stocks sector (13.03%).

What is the breakdown of analyst ratings for Rackspace over the past three months?

  • January 2025: 16.67% Strong Buy, 0% Buy, 66.67% Hold, 0% Sell, 16.67% Strong Sell.
  • December 2024: 16.67% Strong Buy, 0% Buy, 66.67% Hold, 0% Sell, 16.67% Strong Sell.
  • November 2024: 12.50% Strong Buy, 12.50% Buy, 50.00% Hold, 12.50% Sell, 12.50% Strong Sell.

What is Rackspace’s EPS forecast?

Rackspace's average annual EPS forecast for its fiscal year ending in December is -0.28 for 2024, a -92.80% decrease from the reported $-3.89 in 2023. The prediction for 2025 is $-0.11, and $0.06 for 2026.

What is Rackspace’s revenue forecast?

Rackspace's average annual revenue forecast for its fiscal year ending in December is $2.73B for 2024, a -7.79% decrease from the reported $2.96B in 2023. The forecast for 2025 is $2.7B, and $2.91B for 2026.

What is Rackspace’s net income forecast?

For its fiscal year ending in December, Rackspace's average annual net income forecast is $-59.366M for 2024, reflecting a -92.91% decrease from the reported $-838M in 2023. The projection for 2025 is $-24.097M, and $13.09M for 2026.