After-hours movers: Coinbase and Rackspace decline, and more
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Rackspace Technology Inc. (RXT) PT Lowered to $3 at Raymond James
March 13, 2024 8:43 AM EDTRaymond 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
Roth/MKM Upgrades Purple Innovation (PRPL) to Buy
March 13, 2024 7:45 AM EDTRoth/MKM analyst Matt Koranda upgraded Purple Innovation (NASDAQ: PRPL) from Neutral to Buy with a price target of $2.50 (from $2.00).
The analyst comments "We are upgrading PRPL to Buy from Neutral. The company delivered a "good enough" 4Q (DTC growth, healthy GM flow through,... More
Rackspace Technology Inc. (RXT) PT Raised to $2.50 at BMO Capital
March 13, 2024 4:24 AM EDTBMO 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 EDTEvercore 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
