Rackspace Technology upgraded by Raymond James with a new price target
$RXT
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Technology
Raymond James upgraded Rackspace Technology from Mkt Perform to Outperform and set a new price target of $3.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/2/2025 | Outperform → Mkt Perform | Raymond James | |
| 11/7/2023 | $1.40 | Neutral | UBS |
| 9/19/2023 | $3.50 | Mkt Perform → Outperform | Raymond James |
| 7/25/2023 | $1.25 → $1.50 | Neutral → Sell | Citigroup |
| 10/11/2022 | $9.00 → $5.00 | Outperform → In-line | Evercore ISI |
| 8/16/2022 | $7.00 → $5.00 | Neutral → Underweight | JP Morgan |
| 8/11/2022 | $9.00 → $7.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 8/10/2022 | Outperform → Mkt Perform | William Blair |
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
LONDON, July 15, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a global enterprise AI infrastructure and solutions provider, today announced it has received the UK Defence Employer Recognition Scheme (ERS) Gold Award, which recognises employers who have shown exceptional support to the armed forces community, including reservists, veterans and military families. Employers recognised have gone beyond the UK Armed Forces Covenant commitments to embed supportive employee policies, promote defence values and advocate for service personnel in the civilian workforce with policies that include: Paid leave for reservist training and mobilisationActive veteran recruitment and reten
SAN ANTONIO, July 14, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a global enterprise AI infrastructure and solutions provider, today announced it has been named a leader in two categories across the United States and the United Kingdom in the 2026 ISG Provider Lens®, Private/Hybrid Cloud — Data Center Services Report: AI-ready Infrastructure Managed Services — MidmarketManaged Cloud Hosting and Resilient Infrastructure Services The recognition reflects Rackspace's growing momentum as enterprises seek trusted partners to operationalize AI, modernize infrastructure, and support governance, security, and compliance across private, hybrid, and sovereign cloud environments.
Investments and Partnerships to Fuel AI Growth in 2027 and Beyond Palantir names Rackspace Technology as a Preferred Partner in Regulated and Sovereign Markets SAN ANTONIO, July 09, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a global enterprise AI infrastructure and solutions provider, today announced a strategic and financial update on its transition to becoming the operator of the full enterprise AI stack. Strategy Update Rackspace is becoming the operator of the full enterprise AI stack, serving a demand now visible across the market. Enterprises, particularly in regulated industries, are seeking control over their compute, their models, and their data, and assura
Raymond James downgraded Rackspace Technology from Outperform to Mkt Perform
UBS initiated coverage of Rackspace Technology with a rating of Neutral and set a new price target of $1.40
Raymond James upgraded Rackspace Technology from Mkt Perform to Outperform and set a new price target of $3.50
3 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
4 - Rackspace Technology, Inc. (0001810019) (Issuer)
424B5 - Rackspace Technology, Inc. (0001810019) (Filer)
S-8 - Rackspace Technology, Inc. (0001810019) (Filer)
8-K - Rackspace Technology, Inc. (0001810019) (Filer)
SAN ANTONIO, April 08, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the appointments of Paul Soligon as Senior Vice President of Operations and Marco Tesini as Senior Vice President of International for the company's Private Cloud business unit. Soligon will be responsible for unifying key operational functions to drive growth and strengthen customer retention. In this role, he will lead Business and Sales Operations as well as Customer Success with a focus on advancing analytics and insights as well as elevating customer experience. Soligon brings extensive leadership experience from over 25 year
SAN ANTONIO, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the appointment of Joseph Vito as Senior Vice President of Strategic Alliance Partnerships. In this role, Vito will lead Rackspace's global strategy for building and strengthening technology and channel partnerships that drive innovation and deliver exceptional value to customers. Vito brings more than 25 years of experience in technology leadership, cloud transformation, and enterprise solutions across financial services, life sciences, energy, and consumer manufacturing. Most recently, he served as a Strategic Transformation Princ
SAN ANTONIO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid, multicloud, and AI solutions company, today announced the appointment of Lata Varghese as Senior Vice President of Business Transformation and Phani Kishore Burre, as Senior Vice President of Services and Delivery for the Public Cloud business unit. Lata Varghese brings extensive leadership experience in technology services, CXO advisory and business transformation. At Cognizant, she managed global P&L responsibilities and spearheaded the incubation and growth of emerging technology consulting practices. Her domain expertise spans financial services, digital banking, payments, b
Revenue of $678 million in the First Quarter, up 2% Year-over-YearPrivate Cloud Revenue was $235 million, down 6% Year-over-YearPublic Cloud Revenue was $443 million, up 7% Year-over-YearFirst Quarter 2026 Cash Flow From Operating Activities was $5 million; Cash Flow From Operating Activities was $144 million on a Trailing-Twelve-Month BasisRackspace Technology and AMD sign Memorandum of Understanding to establish a new category of governed Enterprise AI Infrastructure SAN ANTONIO, May 07, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced results for its first quarter ended March 31, 2026. Ga
SAN ANTONIO, April 16, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT) a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its first quarter 2026 financial results at 8:00 am ET on Thursday, May 7, 2026. Gajen Kandiah, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (May 7, 2026) at 8:30 am ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir.rackspace.com/news-and-events
Fourth Quarter Revenue of $683 million, down 0.4% Year-over-Year; 2025 Revenue of $2,686 million, down 2% Year-over-YearFourth Quarter Private Cloud Revenue of $241 million, down 10% Year-over-Year; 2025 Private Cloud Revenue of $990 million, down 6% Year-over-YearFourth Quarter Public Cloud Revenue of $442 million, up 6% Year-over-Year; 2025 Public Cloud Revenue of $1,696 million up 1% Year-over-YearFourth Quarter Cash Flow From Operating Activities of $60 million; 2025 Cash Flow From Operating Activities of $151 million SAN ANTONIO, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announc
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