Rackspace Technology (RXT, Financial) has experienced a significant change in its target price as reported by UBS analyst Kevin Mcveigh on May 9, 2025. The analyst has maintained a 'Neutral' rating for the company while lowering the target price from $2.95 to $1.90.
The revised price target reflects a decrease of approximately 35.59% from the prior target. Despite the lowered target price, the 'Neutral' rating suggests that UBS neither recommends Rackspace Technology (RXT, Financial) as a buy nor advises against holding its shares.
This adjustment comes as part of the ongoing evaluations of Rackspace Technology's (RXT, Financial) market position and performance, as UBS continues to monitor the company's progress and market dynamics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Rackspace Technology Inc (RXT, Financial) is $2.39 with a high estimate of $3.25 and a low estimate of $1.00. The average target implies an upside of 90.44% from the current price of $1.26. More detailed estimate data can be found on the Rackspace Technology Inc (RXT) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Rackspace Technology Inc's (RXT, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Rackspace Technology Inc (RXT, Financial) in one year is $2.17, suggesting a upside of 72.91% from the current price of $1.255. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Rackspace Technology Inc (RXT) Summary page.
