Rackspace Technology Announces Refinancing Transactions, Significantly Reducing Debt and Securing New Money Investment

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. ABBV
2. SPCX
3. MU
4. SPY
5. ACN
6. IBM
7. PRIM
8. PFE
9. TSLA
10. DPZ

Go back to Rackspace Technology Announces Refinancing Transactions, Significantly Reducing Debt and Securing New Money Investment

Rackspace Technology Inc. (RXT) PT Lowered to $3 at Raymond James

March 13, 2024 8:43 AM EDT

Raymond James analyst Frank Louthan lowered the price target on Rackspace Technology Inc. (NASDAQ: RXT) to $3.00 (from $3.50) while maintaining a Outperform rating.

The analyst comments "We are lowering our price target to $3 (from $3.50) based on ~8.5x 2024E EV/EBITDA. Rackspace is... More

Rackspace Technology Inc. (RXT) PT Raised to $2.50 at BMO Capital

March 13, 2024 4:24 AM EDT

BMO Capital analyst Keith Bachman raised the price target on Rackspace Technology Inc. (NASDAQ: RXT) to $2.50 (from $1.50) while maintaining a Market Perform rating.

The analyst comments "Rackspace results continued to be pressured by a weak services environment combined with an internal transformation.... More

Rackspace Technology Inc. (RXT) PT Lowered to $2 at Evercore ISI, 'Improved Bookings and Liquidity Profile As We Await Topline Resumption'

March 13, 2024 4:10 AM EDT

Evercore ISI analyst Amit Daryanani lowered the price target on Rackspace Technology Inc. (NASDAQ: RXT) to $2.00 (from $3.00) while maintaining a In Line rating.

The analyst comments " RXT reported at the high end of its guidance and above Street for Sep-qtr results with revenue/EPS of $719M/($0.03) vs. street at $715M/($0.04). Segment dynamics came in largely as expected with continued y/y declines (down ~13.8% q/q) in Private Cloud (runoff from customers... More