Rackspace (RAX) Price Target Lifted, Estimates Cut at Jefferies Post Q4
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Rackspace (RAX) PT Lifted to $75 at Cowen Post Q4; Says Buy on Weakness
February 18, 2015 9:10 AM ESTCowen analyst Colby Synesael reiterated an Outperform rating and boosted his price target on Rackspace (NYSE: RAX) to $75.00 (from $65.00) following "mixed" Q4 results. The firm is telling clients to buy the stock on weakness.
Synesael commented, "RAX reported mixed 4Q14 results however mid-point of... More
Pacific Crest Upgrades Rackspace (RAX) to Outperform
February 18, 2015 7:11 AM ESTPacific Crest upgraded Rackspace (NYSE: RAX) from Sector Perform to Outperform with a price target of $58.00.
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 $49.87 yesterday.
... MoreRackspace (RAX) Misses Q4 EPS by 5c
February 17, 2015 4:01 PM ESTRackspace (NYSE: RAX) reported Q4 EPS of $0.14, $0.05 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $408.1 million versus the consensus estimate of $474.5 million.
For the full year 2015, Rackspace expects revenue to grow between 14 percent and 18 percent on a constant... More
