Barclays raised the firm’s price target on Rackspace Technology (RXT) to $2 from $1 and keeps an Underweight rating on the shares. The firm updated the company’s model post earnings.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RXT:
- Rackspace Technology Reports Decreased Q3 2024 Revenue
- Rackspace Technology sees Q4 EPS (5c)-(3c), consensus (5c)
- Rackspace Technology reports Q3 EPS (4c), consensus (7c)
- Rackspace Technology, Inc. (RXT) Q3 Earnings Cheat Sheet
- Rackspace launches GPU-as-a-service powered by Nvidia accelerated computing