Rackspace Technology (RXT) Tops Q3 EPS by 1c; Offers Q4 Guidance

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Rackspace Technology Inc. (RXT) PT Lowered to $6 at BMO Capital

November 10, 2022 5:01 PM EST

BMO Capital analyst Keith Bachman lowered the price target on Rackspace Technology Inc. (NASDAQ: RXT) to $6.00 (from $7.00) while maintaining a Market Perform rating following earnings.

The analyst commented, "We thought Rackspace delivered solid results against low expectations though the company is still... More