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Rackspace Technology ( (RXT) ) has issued an update.
On June 20, 2025, Rackspace Technology held its annual meeting of stockholders, where 85.72% of shares were represented. During the meeting, stockholders elected four directors to the board, ratified KPMG LLP as the independent accounting firm for 2025, and approved executive compensation in an advisory vote.
The most recent analyst rating on (RXT) stock is a Hold with a $2.50 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’s overall stock score is primarily influenced by its weak financial performance, characterized by declining revenue and a heavily leveraged balance sheet. While the earnings call showed some positive highlights and strategic growth areas, the valuation remains unattractive due to unprofitability. Technical analysis suggests a lack of momentum, contributing to a cautious outlook.
To see Spark’s full report on RXT stock, click here.
More about Rackspace Technology
Rackspace Technology, Inc. operates in the technology industry, providing managed cloud services and solutions to businesses. The company focuses on helping clients optimize their cloud environments and improve IT performance.
Average Trading Volume: 936,909
Technical Sentiment Signal: Sell
Current Market Cap: $289.6M
For an in-depth examination of RXT stock, go to TipRanks’ Overview page.