Benchmark Maintains a 'Hold' on Rackspace (RAX); Raising PT on Solid Results
Tweet
Share
E-mailGet Alerts RAX Hot Sheet
Price: $31.99 --0%
Rating Summary:
5 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
5 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
Benchmark maintains a 'Hold' on Rackspace (NYSE: RAX) price target raised from $42 to $45.
Benchmark analyst says, "Rackspace reported solid results with revenue excluding FX up 31% y/y driven by enterprise adoption of cloud services. Revenue and EBITDA were both higher than the Street consensus estimates. We modestly raise 2012 estimates."
For an analyst ratings summary and ratings history on Rackspace click here.For more ratings news on Rackspace click here.
Shares of Rackspace closed at $41.75 yesterday.
Benchmark analyst says, "Rackspace reported solid results with revenue excluding FX up 31% y/y driven by enterprise adoption of cloud services. Revenue and EBITDA were both higher than the Street consensus estimates. We modestly raise 2012 estimates."
For an analyst ratings summary and ratings history on Rackspace click here.For more ratings news on Rackspace click here.
Shares of Rackspace closed at $41.75 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Emkay Global Starts Urban Company (URBANCO:IN) at Buy (1)
- Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
- Beike (BEKE) PT Raised to $23 at Morgan Stanley
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
