Credit Suisse Maintains Outperform on Rackspace Tech, Raises Price Target to $5
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Kevin Mcveigh maintains an Outperform rating on Rackspace Tech (NASDAQ:RXT) and raises the price target from $4.15 to $5.
August 09, 2023 | 1:20 pm
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POSITIVE IMPACT
Credit Suisse maintains an Outperform rating on Rackspace Tech and raises the price target from $4.15 to $5. This could potentially lead to a positive impact on the stock's price.
The raised price target by Credit Suisse indicates a positive outlook for Rackspace Tech. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100