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Rackspace Technology ( (RXT) ) has shared an update.
On September 2, 2025, Rackspace Technology announced the appointment of Gajen Kandiah as the new CEO, effective September 3, 2025, succeeding Amar Maletira. Under Kandiah’s leadership, Rackspace aims to advance its AI-first multicloud strategy, focusing on delivering secure and governed multicloud solutions. Kandiah’s extensive experience in services, infrastructure, software, and AI aligns with Rackspace’s strategic goals to enhance customer outcomes and drive innovation in cloud management and private AI.
The most recent analyst rating on (RXT) stock is a Hold with a $1.50 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 reflects significant financial challenges, including declining revenues and high leverage. While the earnings call provided some positive insights into strategic growth areas, the technical analysis and valuation remain weak, contributing to a low overall score.
To see Spark’s full report on RXT stock, click here.
More about Rackspace Technology
Rackspace Technology is a leading provider of end-to-end hybrid multicloud technology services and AI solutions. The company designs, builds, and operates cloud environments across major technology platforms, enabling customers to modernize applications, build new products, and adopt innovative technologies.
Average Trading Volume: 975,070
Technical Sentiment Signal: Sell
Current Market Cap: $301.6M
See more insights into RXT stock on TipRanks’ Stock Analysis page.