UBS Initiates Coverage On Rackspace Tech with Neutral Rating, Announces Price Target of $1.4
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kevin Mcveigh has initiated coverage on Rackspace Tech (NASDAQ:RXT) with a Neutral rating and a price target of $1.4.
November 07, 2023 | 2:14 pm
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NEUTRAL IMPACT
UBS has initiated coverage on Rackspace Tech with a Neutral rating and a price target of $1.4. This could potentially influence the stock's performance in the short term.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, UBS has given Rackspace Tech a Neutral rating, indicating that they do not expect the stock to outperform or underperform the market. The price target of $1.4 could also influence investor sentiment and trading behavior, potentially impacting the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100