Barclays raised the firm’s price target on Rackspace Technology (RXT) to $2 from $1 and keeps an Underweight rating on the shares. The firm updated the company’s model post earnings.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RXT:
- Rackspace Technology Reports Decreased Q3 2024 Revenue
- Rackspace Technology sees Q4 EPS (5c)-(3c), consensus (5c)
- Rackspace Technology reports Q3 EPS (4c), consensus (7c)
- Rackspace Technology, Inc. (RXT) Q3 Earnings Cheat Sheet
- Rackspace launches GPU-as-a-service powered by Nvidia accelerated computing