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The latest update is out from Rackspace Technology ( (RXT) ).
On August 20, 2025, Shashank Samant resigned from the Board of Directors of Rackspace Technology, with no disputes influencing his decision. Following his resignation, the Board plans to reduce its size from ten to nine members.
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 stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. Technical analysis and valuation also present challenges, with bearish momentum and a negative P/E ratio. While the earnings call showed some positive developments, they are not enough to offset the significant financial and operational risks.
To see Spark’s full report on RXT stock, click here.
More about Rackspace Technology
Rackspace Technology operates in the cloud computing industry, providing managed cloud services and solutions to businesses globally.
Average Trading Volume: 1,017,465
Technical Sentiment Signal: Sell
Current Market Cap: $272.9M
For detailed information about RXT stock, go to TipRanks’ Stock Analysis page.