Rackspace Technology shares are trading higher after Raymond James upgraded the stock from Market Perform to Outperform and announced a $3.5 price target.
Portfolio Pulse from Benzinga Newsdesk
Raymond James has upgraded Rackspace Technology's stock from Market Perform to Outperform and set a price target of $3.5. This has led to an increase in the trading of Rackspace Technology shares.
September 19, 2023 | 1:14 pm
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POSITIVE IMPACT
Rackspace Technology's stock has been upgraded by Raymond James, leading to increased trading. The new price target is $3.5.
The upgrade from Raymond James is a positive signal to investors, which has led to increased trading of Rackspace Technology's shares. The new price target also indicates a potential upside, which could further drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100