UPDATE: Raymond James Starts Rackspace Technology Inc. (RXT) at Outperform

April 19, 2021 4:10 PM EDT
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Price: $18.52 +2.95%

Rating Summary:
    11 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - April 19, 2021 4:43 PM EDT)

Raymond James analyst Frank Louthan initiates coverage on Rackspace Technology Inc. (NASDAQ: RXT) with a Outperform rating, PT $28.50.

The analyst comments "We are initiating coverage on Rackspace with an Outperform rating and a $28.50 price target, after having previously covered its predecessor as a public company before it was taken private in November 2016. We believe Rackspace is well-positioned to take advantage of the continued proliferation of data growth over the next several years. The company has distinguished itself as a premier managed services provider (MSP) focused on helping customers with multicloud deployments."

For an analyst ratings summary and ratings history on Rackspace Technology Inc. click here. For more ratings news on Rackspace Technology Inc. click here.

Shares of Rackspace Technology Inc. closed at $24.95 yesterday.

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