Rackspace (RXT) Stock Forecast, Price Target & Predictions
RXT Stock Forecast
Rackspace stock forecast is as follows: an average price target of $3.08 (represents a 22.71% upside from RXT’s last price of $2.51) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
RXT Price Target
The average price target for Rackspace (RXT) is $3.08 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $5.00 to $1.80. This represents a potential 22.71% upside from RXT's last price of $2.51.
RXT Analyst Ratings
According to 9 Wall Street analysts, Rackspace's rating consensus is 'Buy'. The analyst rating breakdown for RXT stock is 0 'Strong Buy' (0.00%), 4 'Buy' (44.44%), 2 'Hold' (22.22%), 3 'Sell' (33.33%), 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 |
|---|---|---|---|---|---|---|
| May 10, 2024 | Kevin McVeigh | UBS | $1.80 | $1.94 | -7.25% | -28.29% |
| Mar 13, 2024 | Frank Louthan | Raymond James | $3.00 | $1.79 | 67.60% | 19.52% |
| Mar 13, 2024 | Keith Bachman | BMO Capital | $2.50 | $1.79 | 39.66% | -0.40% |
| Sep 19, 2023 | Frank Louthan | Raymond James | $3.50 | $1.48 | 136.49% | 39.44% |
| Jul 17, 2022 | Ramsey El-Assal | Barclays | $5.00 | $5.99 | -16.53% | 99.20% |
The latest Rackspace stock forecast, released on May 10, 2024 by Kevin McVeigh from UBS, set a price target of $1.80, which represents a -7.25% decrease from the stock price at the time of the forecast ($1.94), and a -28.29% decrease from RXT last price ($2.51).
Rackspace Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 4 |
| Avg Price Target | - | - | $2.70 |
| Last Closing Price | $2.51 | $2.51 | $2.51 |
| Upside/Downside | -100.00% | -100.00% | 7.57% |
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 $2.51. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 | Citigroup | Sell | Sell | Hold |
| Mar 12, 2024 | Barclays | Underweight | Underweight | 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 |
Rackspace's last stock rating was published by BMO Capital on May 16, 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 | Jul 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 | - | $775.50M | $777.30M | $762.50M | $743.80M | $725.90M | $716.20M | $681.70M | $656.50M |
| Avg Forecast | $727.05M | $733.30M | $725.47M | $724.18M | $691.74M | $684.06M | $680.16M | $675.90M | $671.93M | $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 | $730.67M | $736.95M | $729.08M | $727.78M | $695.18M | $687.47M | $683.54M | $679.27M | $675.27M | $678.50M | $676.95M | $687.62M | $718.30M | $730.53M | $734.08M | $761.03M | $780.17M | $776.78M | $784.73M | $779.54M | $776.25M | $760.87M | $746.43M | $726.64M | $709.65M | $674.55M | $660.82M |
| Low Forecast | $721.63M | $727.82M | $720.05M | $718.77M | $686.57M | $678.95M | $675.08M | $670.86M | $666.91M | $670.10M | $668.57M | $679.10M | $709.40M | $721.49M | $724.99M | $751.60M | $770.52M | $767.16M | $784.73M | $770.66M | $767.40M | $752.21M | $737.92M | $718.37M | $701.57M | $666.87M | $653.29M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 1.02% | 1.00% | 1.01% | 1.02% | - | 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 $679.10M, and a high forecast of $687.62M. 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 | Jul 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 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $75.80M | $77.60M | $61.50M | $74.00M | $-5.00M | $93.20M | - | $133.20M | $25.80M | $117.50M | $131.00M | $106.10M | $93.70M | $80.90M | $159.50M |
| Avg Forecast | $130.36M | $131.48M | $130.08M | $129.85M | $124.03M | $122.65M | $121.95M | $121.19M | $120.48M | $121.05M | $120.78M | $116.15M | $128.15M | $130.34M | $130.97M | $105.59M | $139.19M | $123.86M | $140.70M | $138.87M | $88.26M | $112.60M | $125.30M | $96.00M | $81.48M | $76.41M | $109.66M |
| High Forecast | $131.01M | $132.14M | $130.73M | $130.49M | $124.65M | $123.26M | $122.56M | $121.79M | $121.08M | $121.66M | $121.38M | $139.39M | $128.79M | $130.99M | $131.62M | $126.71M | $139.89M | $148.64M | $140.70M | $139.77M | $105.92M | $135.12M | $150.37M | $115.19M | $97.77M | $91.69M | $131.59M |
| Low Forecast | $129.39M | $130.50M | $129.11M | $128.88M | $123.10M | $121.74M | $121.04M | $120.29M | $119.58M | $120.15M | $119.88M | $92.92M | $127.20M | $129.36M | $129.99M | $84.48M | $138.16M | $99.09M | $140.70M | $138.18M | $70.61M | $90.08M | $100.24M | $76.80M | $65.18M | $61.12M | $87.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.59% | 0.60% | 0.47% | 0.70% | -0.04% | 0.75% | - | 0.96% | 0.29% | 1.04% | 1.05% | 1.11% | 1.15% | 1.06% | 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 | Jul 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 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $28.00M | $-226.60M | $-27.20M | $-612.00M | $-214.00M | $-511.70M | - | $-38.50M | $-82.90M | $-34.80M | $-36.60M | $-64.00M | $-63.80M | $-101.20M | $-32.60M |
| Avg Forecast | $5.78M | $5.54M | $-1.50M | $1.10M | $-2.25M | $-2.61M | $-6.77M | $-14.14M | $-10.89M | $-17.00M | $-24.38M | $-70.06M | $-8.80M | $-10.67M | $-18.02M | $-63.70M | $11.62M | $-36.68M | $34.46M | $45.42M | $-79.45M | $-33.35M | $-35.01M | $-57.90M | $-55.48M | $-95.58M | $-22.41M |
| High Forecast | $5.82M | $5.58M | $-1.48M | $1.11M | $-2.23M | $-2.59M | $-6.70M | $-14.00M | $-10.78M | $-16.84M | $-24.15M | $-56.05M | $-8.71M | $-10.56M | $-17.85M | $-50.96M | $11.70M | $-29.35M | $34.46M | $45.81M | $-63.56M | $-26.68M | $-28.01M | $-46.32M | $-44.38M | $-76.46M | $-17.93M |
| Low Forecast | $5.72M | $5.49M | $-1.51M | $1.09M | $-2.27M | $-2.63M | $-6.81M | $-14.23M | $-10.96M | $-17.11M | $-24.54M | $-84.08M | $-8.86M | $-10.73M | $-18.14M | $-76.43M | $11.51M | $-44.02M | $34.46M | $45.13M | $-95.33M | $-40.02M | $-42.01M | $-69.49M | $-66.57M | $-114.69M | $-26.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -3.18% | 21.25% | 1.51% | 9.61% | -18.41% | 13.95% | - | -0.85% | 1.04% | 1.04% | 1.05% | 1.11% | 1.15% | 1.06% | 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 | Jul 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 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $165.50M | $177.30M | $216.90M | $207.50M | $210.30M | $219.90M | - | $205.10M | $208.60M | $234.60M | $232.60M | $231.00M | $252.20M | $260.50M | $219.20M |
| Avg Forecast | $217.23M | $219.10M | $216.76M | $216.37M | $206.68M | $204.39M | $203.22M | $201.95M | $200.76M | $201.72M | $201.26M | $252.89M | $213.55M | $217.19M | $218.24M | $229.90M | $231.95M | $247.31M | $234.47M | $231.40M | $199.91M | $224.82M | $222.49M | $209.00M | $219.30M | $246.03M | $150.70M |
| High Forecast | $218.31M | $220.19M | $217.84M | $217.45M | $207.71M | $205.40M | $204.23M | $202.95M | $201.76M | $202.72M | $202.26M | $303.47M | $214.62M | $218.27M | $219.33M | $275.88M | $233.10M | $296.77M | $234.47M | $232.91M | $239.89M | $269.79M | $266.98M | $250.80M | $263.17M | $295.23M | $180.84M |
| Low Forecast | $215.61M | $217.46M | $215.14M | $214.76M | $205.14M | $202.86M | $201.70M | $200.44M | $199.26M | $200.21M | $199.76M | $202.31M | $211.96M | $215.57M | $216.61M | $183.92M | $230.22M | $197.85M | $234.47M | $230.26M | $159.93M | $179.86M | $177.99M | $167.20M | $175.44M | $196.82M | $120.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 0.82% | 0.99% | 0.90% | 0.91% | 0.89% | - | 0.89% | 1.04% | 1.04% | 1.05% | 1.11% | 1.15% | 1.06% | 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 | Jul 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 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 2 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.13 | $-1.05 | $-0.13 | $-2.87 | $-1.01 | $-2.43 | - | $-0.18 | $-0.39 | $-0.17 | $-0.18 | $-0.31 | $-0.32 | $-0.54 | $-0.16 |
| Avg Forecast | $0.03 | $0.02 | $-0.01 | - | $-0.01 | $-0.01 | $-0.03 | $-0.06 | $-0.05 | $-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 | $0.03 | $0.02 | $-0.01 | - | $-0.01 | $-0.01 | $-0.03 | $-0.06 | $-0.05 | $-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 |
| Low Forecast | $0.02 | $0.02 | $-0.01 | - | $-0.01 | $-0.01 | $-0.03 | $-0.06 | $-0.05 | $-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% | - | -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 |
|---|---|---|---|---|---|
| ARQQ | Arqit Quantum | $0.29 | $14.00 | 4727.59% | Buy |
| STEM | Stem | $0.44 | $7.72 | 1654.55% | Hold |
| GCT | GigaCloud | $17.08 | $50.00 | 192.74% | Buy |
| ALAR | Alarum | $13.08 | $28.00 | 114.07% | Buy |
| RAMP | LiveRamp | $26.21 | $47.80 | 82.37% | Buy |
| TENB | Tenable | $39.74 | $60.14 | 51.33% | Buy |
| RXT | Rackspace | $2.51 | $3.08 | 22.71% | Buy |
| S | SentinelOne | $22.68 | $27.12 | 19.58% | Buy |
| YEXT | Yext | $6.55 | $7.19 | 9.77% | Buy |
| NTNX | Nutanix | $59.06 | $63.15 | 6.93% | Buy |
| CINT | CI&T | $6.91 | $7.06 | 2.17% | Hold |
| NEWR | New Relic | $86.99 | $86.38 | -0.70% | Buy |
| AFRM | Affirm | $44.01 | $43.60 | -0.93% | Hold |
| PGY | Pagaya | $12.55 | $12.19 | -2.87% | Buy |
RXT Forecast FAQ
Is Rackspace a good buy?
Yes, according to 9 Wall Street analysts, Rackspace (RXT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 44.44% of RXT's total ratings.
What is RXT's price target?
Rackspace (RXT) average price target is $3.08 with a range of $1.8 to $5, implying a 22.71% from its last price of $2.51. The data is based on 9 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 22.71% (from the last price of $2.51 to the average price target of $3.08), up by 99.20% based on the highest stock price target, and down by -28.29% 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 are Rackspace's analysts' financial forecasts?
Rackspace's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.73B (high $2.75B, low $2.71B), average EBITDA is $489.83M (high $492.27M, low $486.17M), average net income is $-25.767M (high $-25.517M, low $-25.934M), average SG&A $816.23M (high $820.3M, low $810.14M), and average EPS is $-0.112 (high $-0.111, low $-0.113). RXT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.91B (high $2.92B, low $2.89B), average EBITDA is $521.77M (high $524.37M, low $517.88M), average net income is $10.93M (high $11.02M, low $10.8M), average SG&A $869.46M (high $873.79M, low $862.97M), and average EPS is $0.0476 (high $0.048, low $0.047).
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 $495.06M by -38.49%. The company's net income was $-838M, beating the average estimation of $-101M by 727.98%. Apple's SG&A was $767.2M, missing the average forecast of $878.89M by -12.71%. 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, missing the average prediction of $128.15M by -40.85%. Rackspace's net income was $28M, missing the average estimation of $-8.8M by -418.18%. The company's SG&A was $165.5M, missing the average forecast of $213.55M by -22.50%. Lastly, the company's EPS was $0.13, missing the average prediction of $-0.0383 by -439.18%