BMO Capital Maintains Market Perform on Rackspace Tech, Raises Price Target to $2.5
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Keith Bachman maintains a Market Perform rating on Rackspace Tech (NASDAQ:RXT) and raises the price target from $1.5 to $2.5.
August 09, 2023 | 2:20 pm
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POSITIVE IMPACT
BMO Capital maintains a Market Perform rating on Rackspace Tech and raises the price target from $1.5 to $2.5. This could potentially lead to an increase in the stock's price.
The raised price target by BMO Capital 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