Goldman Sachs Downgrades Rackspace (RAX) to Neutral On Valuation
Tweet
Share
E-mail
Get Alerts RAX Hot Sheet
Price: $31.99 --0%
Rating Summary:
5 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Goldman Sachs downgraded Rackspace (NYSE: RAX) from Buy to Neutral citing valuation as the stock exceeds their $57 price target.
"We remain positive on the opportunity in cloud computing and believe RAX is well positioned among peers, but we are disciplined on price given current valuation," the analyst said.
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 $57.80 yesterday.
"We remain positive on the opportunity in cloud computing and believe RAX is well positioned among peers, but we are disciplined on price given current valuation," the analyst said.
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 $57.80 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Downgrades Roku Inc. (ROKU) to Equal Weight
- Freedom Broker Double Downgrades Mosaic (MOS) to Sell
- Wedbush Downgrades Globant S.A. (GLOB) to Neutral on balanced risk/reward
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Goldman SachsSign 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!
