Rackspace (RXT) Stock Forecast, Price Target & Predictions
RXT Stock Forecast
Rackspace stock forecast is as follows: an average price target of $3.50 (represents a 55.56% upside from RXT’s last price of $2.25) 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 $3.50 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $3.50 to $3.50. This represents a potential 55.56% upside from RXT's last price of $2.25.
RXT Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 13, 2024 | Keith Bachman | BMO Capital | $3.50 | $2.25 | 55.56% | 55.56% |
| May 10, 2024 | Kevin McVeigh | UBS | $1.80 | $1.94 | -7.25% | -20.00% |
| Mar 13, 2024 | Frank Louthan | Raymond James | $3.00 | $1.79 | 67.60% | 33.33% |
| Mar 13, 2024 | Keith Bachman | BMO Capital | $2.50 | $1.79 | 39.66% | 11.11% |
| Sep 19, 2023 | Frank Louthan | Raymond James | $3.50 | $1.48 | 136.49% | 55.56% |
| Jul 17, 2022 | Ramsey El-Assal | Barclays | $5.00 | $5.99 | -16.53% | 122.22% |
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 55.56% increase from RXT last price ($2.25).
Rackspace Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $3.50 | $2.70 |
| Last Closing Price | $2.25 | $2.25 | $2.25 |
| Upside/Downside | -100.00% | 55.56% | 20.00% |
In the current month, the average price target of Rackspace stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Rackspace's last price of $2.25. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 13, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 30, 2024 | Jefferies | Hold | Hold | Hold |
| May 16, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| May 10, 2024 | UBS | Neutral | Neutral | Hold |
| Mar 13, 2024 | Raymond James | Outperform | Outperform | Hold |
| Mar 12, 2024 | Barclays | Underweight | Underweight | Hold |
| Mar 12, 2024 | Citigroup | Sell | Sell | Hold |
| Mar 12, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 19, 2023 | Raymond James | Market Perform | Outperform | Upgrade |
| Dec 19, 2022 | Barclays | Underweight | Underweight | Hold |
| Oct 03, 2022 | Barclays | Underweight | Underweight | Hold |
| Aug 16, 2022 | Needham | Underweight | Downgrade | |
| Aug 10, 2022 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 10, 2022 | RBC Capital | Outperform | Outperform | Hold |
| Aug 10, 2022 | Raymond James | Outperform | Market Perform | Downgrade |
| Jul 17, 2022 | Barclays | Underweight | Downgrade | |
| May 13, 2022 | Evercore ISI | Outperform | Outperform | Hold |
| May 11, 2022 | Raymond James | Outperform | Upgrade | |
| Feb 23, 2022 | RBC Capital | Outperform | Outperform | Hold |
| Feb 23, 2022 | Credit Suisse | Outperform | Outperform | Hold |
| Feb 23, 2022 | Citigroup | Buy | Buy | Hold |
| Feb 23, 2022 | BMO Capital | Market Perform | Downgrade |
Rackspace's last stock rating was published by BMO Capital on Nov 13, 2024. The company gave RXT a "Market Perform" rating, the same as its previous rate.
Rackspace Financial Forecast
Rackspace Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 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 | $691.25M | $679.91M | $671.98M | $658.68M | $674.88M | $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 | $750.53M | $735.41M | $733.70M | $723.38M | $699.10M | $687.63M | $679.61M | $666.16M | $682.54M | $682.80M | $681.24M | $684.21M | $722.85M | $726.92M | $738.73M | $765.85M | $785.12M | $772.93M | $784.73M | $774.49M | $771.22M | $755.95M | $741.60M | $721.94M | $705.06M | $670.19M | $656.54M |
| Low Forecast | $733.52M | $718.74M | $717.07M | $706.99M | $683.25M | $672.04M | $664.20M | $651.06M | $667.07M | $667.33M | $665.80M | $684.21M | $706.47M | $726.91M | $721.99M | $748.49M | $767.33M | $772.93M | $784.73M | $774.49M | $771.22M | $755.95M | $741.60M | $721.94M | $705.06M | $670.19M | $656.54M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | $66.80M | $65.70M | $64.93M | $63.65M | $65.21M | $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 | $72.52M | $71.06M | $70.90M | $69.90M | $67.55M | $66.45M | $65.67M | $64.37M | $65.95M | $65.98M | $65.83M | $139.39M | $69.85M | $70.24M | $71.38M | $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 | $70.88M | $69.45M | $69.29M | $68.32M | $66.02M | $64.94M | $64.18M | $62.91M | $64.46M | $64.48M | $64.34M | $92.92M | $68.27M | $70.24M | $69.77M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | $1.19M | $-677.16K | $-7.62M | $-18.35M | $-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 | $9.84M | $6.97M | $5.05M | $1.30M | $1.21M | $-666.97K | $-7.51M | $-18.07M | $-8.46M | $-16.55M | $-23.68M | $-56.05M | $-8.55M | $-10.36M | $-17.51M | $-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 | $9.55M | $6.76M | $4.90M | $1.26M | $1.17M | $-687.15K | $-7.73M | $-18.62M | $-8.72M | $-17.05M | $-24.40M | $-84.08M | $-8.81M | $-10.67M | $-18.04M | $-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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | $216.11M | $212.56M | $210.08M | $205.92M | $210.99M | $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 | $234.64M | $229.91M | $229.38M | $226.15M | $218.56M | $214.97M | $212.46M | $208.26M | $213.38M | $213.46M | $212.98M | $303.47M | $225.98M | $227.26M | $230.95M | $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 | $229.32M | $224.70M | $224.18M | $221.02M | $213.60M | $210.10M | $207.65M | $203.54M | $208.54M | $208.62M | $208.15M | $202.31M | $220.86M | $227.25M | $225.71M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | $-0.08 | $-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 | $-0.00 | $-0.03 | $-0.08 | $-0.04 | $-0.08 | $-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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GCT | GigaCloud | $19.69 | $50.00 | 153.94% | Buy |
| ALAR | Alarum | $11.59 | $28.00 | 141.59% | Buy |
| PGY | Pagaya | $9.74 | $21.00 | 115.61% | Buy |
| STEM | Stem | $0.36 | $0.60 | 66.67% | Hold |
| RXT | Rackspace | $2.41 | $3.50 | 45.23% | Buy |
| CINT | CI&T | $6.16 | $8.43 | 36.85% | Buy |
| YEXT | Yext | $6.49 | $8.67 | 33.59% | Buy |
| S | SentinelOne | $23.92 | $28.50 | 19.15% | Buy |
| NTNX | Nutanix | $66.14 | $78.75 | 19.07% | Buy |
| TENB | Tenable | $41.55 | $47.50 | 14.32% | Buy |
| AFRM | Affirm | $70.89 | $55.14 | -22.22% | Buy |
| RAMP | LiveRamp | $31.90 | $23.25 | -27.12% | Buy |
| ARQQ | Arqit Quantum | $33.00 | $14.00 | -57.58% | Buy |