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Rackspace Technology ( (RXT) ) has issued an announcement.
On September 26, 2025, Rackspace Technology announced the resignation of Mr. Vikram Mahidhar from its Board of Directors, effective September 30, 2025, following his departure from Apollo Global Management. His resignation was not due to any disagreements with the company. Additionally, on September 24, 2025, Mr. Srinivas Koushik resigned from his position as President, Technology, Sustainability, and Artificial Intelligence. He will receive a pro-rata bonus for 2025 in exchange for transition and advisory services.
The most recent analyst rating on (RXT) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Rackspace Technology stock, see the RXT Stock Forecast page.
Spark’s Take on RXT Stock
According to Spark, TipRanks’ AI Analyst, RXT is a Neutral.
Rackspace Technology’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. While there are positive developments in strategic initiatives and leadership changes, these are overshadowed by the company’s financial challenges and valuation concerns.
To see Spark’s full report on RXT stock, click here.
More about Rackspace Technology
Average Trading Volume: 990,279
Technical Sentiment Signal: Sell
Current Market Cap: $363.8M
Learn more about RXT stock on TipRanks’ Stock Analysis page.