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Rackspace Technology ( (RXT) ) has provided an update.
On March 31, 2026, Rackspace Technology, Inc. announced that Ms. Betsy Atkins resigned from its Board of Directors, ending her tenure on the company’s governing body. The company stated that her resignation was not due to any dispute or disagreement regarding Rackspace Technology’s operations, policies, or practices, indicating a stable governance environment despite the board change.
The most recent analyst rating on (RXT) stock is a Hold with a $0.94 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.
The score is held down primarily by weak fundamentals (declining revenue, ongoing losses, low gross margin) and elevated balance-sheet risk from deeply negative equity, despite improving cash generation. Technicals are also bearish with the stock below key moving averages, though oversold signals provide limited support. The latest earnings call improves the outlook via guidance for profitability and free-cash-flow expansion, but near-term revenue/margin headwinds prevent a higher score.
To see Spark’s full report on RXT stock, click here.
More about Rackspace Technology
Rackspace Technology, Inc. is a technology company that operates in the cloud and IT services industry. The company is overseen by a Board of Directors responsible for its governance and oversight of corporate policies and practices.
Average Trading Volume: 24,553,326
Technical Sentiment Signal: Sell
Current Market Cap: $236.4M
Find detailed analytics on RXT stock on TipRanks’ Stock Analysis page.